Paltry AGR relief leaves Vodafone Idea future hazy

telecommunications),” one of the officials cited above said on the condition of anonymity.

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The company still has to pay AGR dues of FY18 and FY19.

(MIN)

“The outcome shall be decided by a committee appointed by the government and that shall be binding on both parties.”

However, the company will still have to pay AGR dues pertaining to FYI8 and FYI9—which is over and above the ₹87,695 crore in question—from FY26 through FY3I, the official added.

News of the cabinet’s move shook investor confidence, with the Vi stock plunging 11.5% on the National Stock Exchange to close at ₹10.67, with no clarity on either the overall AGR dues or any relief on interest and penalties pertaining to the dues.