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Vodafone Idea dials PFC, REC for funding needs; funds required to meet 3-yr capex & maintenance costs

By Economic Times - 2 months ago
Vodafone Idea has approached state-owned lenders Power Finance Corp. and REC Ltd for loans to cover a ₹25,000 crore funding gap. The funds are needed for capital expenditure and maintenance over the next three years. Discussions are also ongoing with the State Bank of India for partial funding.

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