Vodafone Idea gets ₹35,000 cr loan from SBI-led lenders

An SBI-led consortium including Union Bank of India and NaBFID is set to provide around $3.5 billion in debt financing to Vodafone Idea. The nearly 10-year financing is expected to support network upgrades and 5G expansion, while conditions reportedly include Kumar Mangalam Birla remaining chairman and repayment guarantees in case of default.