Bankers do a rethink on loans to Vi after SC rejection of AGR dues …
WEB1 day ago · The apex court's rejection of Vodafone-Idea (Vi)'s curative petition seeking a review of its 2019 judgment on the re-computation of adjusted gross revenues (AGR) payable by telecom firms has made banks wary of lending to the company. Bankers said the court's order significantly dented Vi's financials because both …
Vodafone Idea seeks Government relief in AGR duress crisis
WEB14 hours ago · The telecom firm is looking to clear the government dues and outstanding dues against banks and vendors through operational cash flows. Vodafone Idea Limited’s payment obligation to the government stood at Rs 2,09,520 crore as of June 30, 2024, including deferred spectrum payment obligations of …
Vodafone Idea begins fresh talks with govt on AGR dues: CEO …
WEB1 day ago · Vodafone Idea (Vi) has begun a “fresh dialogue” with Centre to resolve the Adjusted Gross Revenue (AGR) dues issue, CEO of the telecom major Akshaya Moondra told analysts on Monday, asserting that the long-term business plans and revival strategy of the company remain “unaffected” from the curative petition outcome.
Vodafone Idea counts on govt after AGR debacle with 'fresh …
WEB1 day ago · Vodafone Idea has started new discussions with the government following an unfavorable Supreme Court decision on the re-computation of Adjusted Gross Revenue (AGR). Despite this setback, CEO Akshaya Moondra stated that the company's long-term business plans remain unchanged. The telco owes Rs 2,03,430 crore to the government as of March 31, 2024.
Vodafone Idea's ghost of dues is back to haunt struggling telco
WEB5 days ago · Vodafone Idea’s AGR dues were estimated to plunge almost 46% to around Rs 38,400 crore if it had got relief on its curative petition filed in the Supreme Court, as per analysts. Analysts had estimated that a near 50% cut in the company's AGR liability could reduce its upcoming annual payments by around Rs 6,500 crore after the current ...
Vodafone Idea in talks with Centre on AGR dues; expects debt …
WEB1 day ago · Vodafone Idea’s chief executive officer, Akshaya Moondra, said on September 23 that the struggling telecom operator has initiated "fresh dialogues" with the government after the Supreme Court's ...
Vodafone Idea in fresh talks with Centre over AGR issue after
WEB1 day ago · Telecom major Vodafone Idea is in fresh talks with the government over its AGR issue. A Supreme Court bench rejected the petition filed by telecom companies regarding the re-computation of AGR.
Vodafone Idea management shares important updates on debt funding, AGR ...
WEB1 day ago · Vodafone Idea management shares important updates on debt funding, AGR dues on analyst call Vodafone Idea has been in focus since the week gone by after the Supreme Court struck down the curative petition filed by Vodafone Idea and Bharti Airtel over re-computing the AGR dues, which for Vodafone Idea, stand at over ₹70,000 crore.
Vodafone Idea calls urgent investor meeting after AGR ruling …
WEB4 days ago · Vodafone Idea, a joint venture between the UK’s Vodafone Plc and India’s Aditya Birla Group, has been grappling with a monumental financial burden. As of March 31, 2024, the company owes a staggering Rs 2,03,430 crore to the government, including Rs 1,33,110 crore in deferred spectrum payments and Rs 70,320 crore in AGR liabilities.
Vodafone Idea's curative plea in AGR case scheduled for SC
WEBAug 28, 2024 · Vodafone Idea's curative plea in the AGR case seeks three key reliefs. First, it requests the correction of arithmetic and clerical errors in the computation of the AGR demand. Second, the plea seeks a direction to pay a penalty amounting to 50% of the entire sum of the short payment.
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