Vodafone Idea's ghost of dues is back to haunt struggling telco
WEB21 hours 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 ...
SC rejects telecom firms' pleas on AGR case, Vodafone Idea …
WEB14 hours ago · In a report, investment banking group Macquarie said while Vodafone’s tariff outlook had been improving, without AGR concessions, it would take the company 25-30 years to organically pay back its obligations. Even then, the average revenue per user would need to rise at a compound annual growth rate of 15 per cent, it said.
Big blow for telcos as SC rejects AGR re-computation plea; Vi …
WEB1 day ago · Vodafone Idea's burden has now increased to Rs 70,320 crore as of FY24. The Supreme Court on Thursday rejected a batch of pleas by various telecom companies including Vodafone Idea and Bharti Airtel, in the re-computation of Adjusted Gross Revenue (AGR) case. Airtel and Vi had, last year, requested the Supreme Court to hear in the "open court ...
Vodafone Idea shares fall up to 20% on SC’s AGR plea rejection.
WEB21 hours ago · Shares of Vodafone Idea on Thursday crashed 20% to its 52-week low of Rs 10.33 on BSE after the Supreme Court rejected a plea to re-calculate the Adjusted Gross Revenue (AGR) dues and investors are now fearing more downside in the coming days. The apex court reaffirmed its decision on the AGR ruling against telecom companies, maintaining the full amount of the AGR demand, which translated into ...
SC rejects telecom firms' pleas in AGR case; Vi shares plunge 10%
WEB23 hours ago · The Supreme Court’s rejection of the curative plea is a severe blow to Vodafone Idea. In 2019, the apex court confirmed the AGR demand raised by the DoT, imposing a financial burden of Rs 58,000 crore on Vi. With the addition of interest, this liability has escalated to Rs 70,320 crore as of the end of FY24.
Vodafone Idea shares fall most since January 2022 after AGR dues ...
WEB1 day ago · Shares of Vodafone Idea have declined as much as 6% on Thursday after the Supreme Court upheld the Adjusted Gross Revenue ruling against the telecom companies and upheld the quantum of the AGR demand. Vodafone Idea's AGR dues currently stand at ₹70,300 crore. This is a developing story. Shares …
SC rejects Vodafone, Airtel curative petition hearing; ₹1.47 ... - Mint
WEB22 hours ago · As per the 2019 order of the SC, against which the curative petitions were filed, Vodafone Idea and Bharti Airtel were supposed to have paid ₹ 1.47 trillion in AGR dues to the government. The ...
Setback For Vodafone Idea As Supreme Court Rejects Telcos' Plea For AGR ...
WEB1 day ago · The Supreme Court of India. (Photo: Reuters) The Supreme Court on Thursday rejected telecom operators' plea seeking a re-computation of their adjusted gross revenues. Vodafone Idea, Bharti Airtel and various other telcos had filed curative pleas against the 2019 top court verdict in the case. The telecom operator alleged that there is a grave ...
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.
Brokerages flag debt concerns after SC rejects Vodafone Idea's AGR …
WEB4 hours ago · Vodafone Idea’s big problem, even after its FPO and tariff hikes, is its highly stretched balance sheet, with liabilities of Rs 2.5 lakh crore, said brokerages.
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