Vi in talks with SBI for loan of Rs 15K-16K crore for capex needs: Report

The talks have reportedly been going on for over a month now and SBI is waiting to get clarity on the govt's potential shareholding in Vi

Vodafone Idea (Vi) has approached the State Bank of India (SBI) for a loan of Rs 15,000-16,000 crore to meet its capital expenditure needs and fund its gear supply for the 5G rollout, a report in the Economic Times (ET) said.

The talks have reportedly been going on for over a month now and SBI is waiting to get clarity on the government's potential shareholding in Vi, the report added. 

"The team is in talks with Vi, but it's at a nascent stage...some clarifications have been sought...on when the government will convert the telco's interest liability into equity and its