Vodafone Idea's ghost of dues is back to haunt struggling telco
WEB14 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 ...
Vodafone Idea shares fall up to 20% on SC’s AGR plea rejection.
WEB14 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 ...
Vodafone Idea shares fall most since January 2022 after AGR dues ...
WEB17 hours 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 of Vodafone Idea are nearly down to their FPO ...
SC rejects telecom firms' pleas on AGR case, Vodafone Idea …
WEB7 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 …
WEB17 hours 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. The curative petitions by Indian …
SC rejects telecom firms' pleas in AGR case; Vi shares plunge 10%
WEB16 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.
Setback For Vodafone Idea As Supreme Court Rejects Telcos' Plea For AGR ...
WEB17 hours 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 …
SC rejects Vodafone, Airtel curative petition hearing; ₹1.47 ... - Mint
WEB15 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 ...
Vodafone-Idea shares dip 21% as Supreme Court rejects curative …
WEB12 hours ago · Vodafone Idea stocks fell 21% to ₹10.69 at 12.15 p.m. on September 19, from the day’s open of ₹12.99 as Supreme Court rejected the company’s curative petition on Adjusted Gross Revenues ...
Vodafone Idea share price falls after Supreme Court rejects telcos ...
WEB17 hours ago · Vodafone Idea share price declined over 3% after Supreme Court rejected a plea by telecom companies on re-computation of adjusted gross revenues (AGR) dues. Livemint Published 19 Sep 2024, 11:45 ...
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