Vodafone Idea Limited (Vi) has appointed SBI Capital Markets to negotiate the restructuring of loans worth Rs 200 billion-Rs 230 billion that the telco is due to repay within the next four years. Reportedly, Vi has also sought an additional $500 million as loans to meet its capex requirements. The company believes the capex requirement of $500 million is critical to expand its 4G network and arrest subscriber losses to rivals. Meanwhile, Vi is in the process of submitting a comprehensive restructuring plan that includes the recast of loans, standstill on interest payments, longer payment tenors and lower interest rates. The move is part of Vi’s overall capital-raising plans as the company tries to revive its finances and operations by leveraging the relief package announced by the government in September 2021. Besides, Vi and its lenders are looking to recast outstanding loans under the Reserve Bank of India’s (RBI) June 2019 restructuring framework. Under this, banks can allow renegotiation of loan dues to improve the company’s liquidity if the promoter brings in equity.