Vodafone Idea holds discussions about refinancing loans worth 3,000-4,000 crores

Vodafone Idea holds discussions about refinancing loans worth 3,000-4,000 crores.

Cellphone operator Vodafone Idea has reopened negotiations with important lenders State Bank of India, Punjab National Bank.

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Indus Towers made a provision for the questionable debt of 2,298.1 crore last month in January due to VIL’s shaky balance sheet.

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It is in the process of issuing optionally convertible debentures worth up to Rs. 1,600 crores to vendor American Tower Corporation to settle its debts.

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