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Vodafone Idea's Rs 35,000 crore funding plan awaits promoter assurances as banks seek guarantees: Report

in5points
Vodafone Idea's ₹35,000 crore funding plan awaits promoter assurances as banks seek guarantees.
The funding is intended to support capital expenditure including 5G network rollout.
Discussions with lenders have reached an advanced stage, but final approval may still take time.
Promoter guarantees are required to secure bank financing for the plan.