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AGR Upset Turns Spotlight on Vi's Bank Guarantees
Hindustan Times Bengaluru
|May 28, 2025
Fading hopes of securing relief on telecom companies' government dues has turned the attention to bank guarantees worth around ₹6,000 crore that Vodafone Idea Ltd, the weakest telco, has submitted to the government.
NEW DELHI/MUMBAI:
On May 19, the Supreme Court (SC) rejected petitions from Bharti Airtel Ltd and Vodafone Idea to waive some of the dues linked to their adjusted gross revenues (AGR). Vodafone had told the court that without bank loans that are contingent on AGR relief, it may not be able to survive the current fiscal year.
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