Vi explores non-bank funding options for capex

VODAFONE Idea is exploring non-bank avenues to fund its capital expenditure plans as negotiations with lenders remain stalled due to uncertainty over adjusted gross revenue (AGR) dues.

- RAKESH KUMAR @ New Delhi

The company's outgoing CEO Akshaya Moondra, speaking during the June quarter earnings call, said while talks with banks are advancing, it is likely to take more time before they conclude.

"We are looking at non-banking sources of funding, also not the full amount of ₹25,000 crore that we have talked about, but a lesser amount so that we can continue with the capex cycle. We are trying to look at other sources of funding which would be available in a shorter time frame," said Moondra.