India, Jan. 9 -- The government has finally lifted the AGR overhang for Vodafone Idea Ltd., in what can be seen as a financial lifeline for a telecom company that hasn't turned a profit since the merger in 2018.
The Department of Telecommunications (DoT) has frozen the company's AGR dues-comprising principal, interest, and penalties accrued between fiscal years 2007 and 2019-as on 31 December 2025, according to a stock exchange filing on Friday.
Vodafone Idea, in which the government has a 49% stake in lieu of debt, has laid out a repayment schedule for its AGR dues, approved by the DoT.
Additionally, the DoT will form a committee to reassess Vodafone Idea's total AGR dues, with the regulator stating the committee's decision will be fi...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.