It will also mean the entry of the world’s largest steelmaker into one of the biggest markets having agreed to infuse Rs 8,000 crore into the bankrupt company which it is acquiring. AdvertisingThe problem is not restricted to just the telecom sector. These lenders will be further weighed down because of extra provisions and the need for capital if the issue is not swiftly sorted out by the government. Vodafone, which had indicated its inability to invest more, is no ordinary firm. It is one of India’s largest FDI investors and a global telecom player.

Source: Indian Express November 17, 2019 23:03 UTC