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Synopsis Separately, one of Vi’s domestic lenders, a large public-sector bank, recently extended a bank guarantee for about Rs 1,420 crore by another year, which will be used to clear its remaining dues to the government for 4G spectrum acquired in March. “Vi has assured us of raising some funds by June-end as due diligence by some investors is at a peak,” the top executive of a bank that advanced a sizable loan to the telco told ET. Vodafone Idea (Vi) has assured lenders that it expects to conclude its delayed fundraising, initially of about $1 billion (Rs 7,500 crore), by the end of June and that it won’t default on any upcoming payments, people familiar with the matter said. ....