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| Name | Impact Of Supreme Court's Verdict On AGR Dues: Vodafone Idea Cracks 15% In Trade, Hits Lower Circuit |
| Video Uploader | Video From NDTV Profit |
| Upload Date | This Video Uploaded At 19-09-2024 08:15:21 |
| Video Discription | Shares of most telecommunication companies declined on Thursday with Vodafone Idea Ltd. and Indus Towers Ltd. falling the most after the Supreme Court rejected their plea seeking re-computation of average gross revenue or AGR by the Department of Telecommunication. "Supreme court verdict is a key setback for Vodafone's revival process. Fair value basis sees setback of Rs 5 per share. Vodafone was going to get a significant relief in annual payments from a positive verdict," said Ajai Puri, former Chief Operating Officer of Bharti Airtel Ltd. Vodafone Idea's AGR liability stood at Rs 70,300 crore as of June 2024, which makes up 33% of its gross debt. Re-computation of the dues would have cut down AGR by Rs 30,000–35,000 crore. #vodafone #supremecourt #telecom |
| Category | News & Politics |
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