Vodafone Idea lenders may have to make more provisions


Vi has ₹50,400 crore of AGR dues payable to the government over 10 annual instalments through March 31, 2031, starting in March 2022.

Synopsis

Vi has been in fundraising talks with potential investors such as an Oak Hill-led consortium, US private equity firms including KKR, besides Canada Pension Plan Investment Board, Caisse de Dépôt et Placement du Québec (CPDQ) and Norway’s Government Pension Fund Global.

Loss-making telecom operator Vodafone Idea’s (Vi) domestic lenders may have to take on additional provisioning burden in case the cash-strapped company fails to raise fresh capital by June end, officials at two banks said.

Several lenders had written back provisions on the Vi account in the March quarter after its management assured them that it would raise fresh funds by the end of next month. Now, they say, writing back provisions could have

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