The telco taps State Bank of India, Bank of Baroda and Punjab National Bank, among others, in its attempt to raise debt, soon after pulling off a Rs 18,000 crore follow-on public offer
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The apex court’s quashing of its over $4 bn relief request did little to dim the telco’s stellar all-round show in FY25 or the market’s love for the stock.
Ahead of its IPO, the mobile telephony leader is down to playing catch-up with Airtel. What should investors expect?
The Rs 24,700 crore waiver does come as a relief to the heavily indebted telecom operator. But it has more things to worry about.