Not sought debt recast from any lender: Vodafone Idea

We categorically deny and dismiss this as baseless and factually incorrect,” the company said.

Vodafone Idea on Wednesday said it has not approached banks for recast of its debt. “There has been reportage in some media alleging that Vodafone Idea has approached its lenders for debt recast. We categorically deny and dismiss this as baseless and factually incorrect,” the company said.

“We have not made any request for debt recast to any lender or asked for reworking of payment terms. We continue to pay all our debts as and when these fall due,” the statement added.

Meanwhile, Airtel said it is in best interest of all parties to form a “constructive mechanism” to ensure large levies are addressed in a “fair manner”. —WITH PTI