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VI: Saving Vi will be a tightrope walk for lenders. But they may not go out of their way to rescue it.

Team EntertainerBy Updated:No Comments2 Mins Read
VI: Saving Vi will be a tightrope walk for lenders. But they may not go out of their way to rescue it.


From Left, Kumar Mangalam Birla, chairman, Aditya Birla Group; Nick Learn, CEO, Vodafone Group

Synopsis

Vi has a mammoth debt of INR1.8 trillion. And this has been haunting its guardian corporations. Its sustainability can also be underneath query. To service debt, Vi ought to both get assist from promoters or lenders. Banks, however, have simply crawled out of a foul mortgage mess. Do banks have it in them to soak up one other shock?

Not so way back, each Vodafone and Thought got here collectively singing, ‘ring-a-ring-a-rosies’. After which it grew to become Vi and it had its ‘pocket stuffed with posies’ for a really quick time. Then the market forces got here down ‘A-tishoo A-tishoo’ and now it’s near ‘falling down’.At the least, it appears so if we go by the developments previously few years.If you happen to stroll a bit again in reminiscence, Thought Mobile was as soon as thought of a price inventory by fund managers and

( Initially revealed on Aug 06, 2021 )

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