Government Reduces Vodafone Idea's AGR Liability by 27%
The Department of Telecom has reduced Vodafone Idea's adjusted gross revenue (AGR) liability by 27%, lowering it to Rs 64,046 crore after reassessment. The dues will be spread over 10 years, with initial payments starting in FY 2031-32. The final reassessment was approved by a special committee.
In a significant move, the government's Department of Telecommunications (DoT) has revised the adjusted gross revenue (AGR) liability of Vodafone Idea, slashing it by 27% to Rs 64,046 crore, according to a company filing released on Thursday.
The liability, initially frozen at Rs 87,695 crore as of December 31, 2025, underwent reassessment following the formation of a committee appointed by the DoT. This decision stands as a crucial development for the debt-laden telecom provider seeking financial reprieve.
An ambitious repayment plan has been set in motion, requiring Vodafone Idea to commence payments from the fiscal year 2031-32. The company is set to pay Rs 100 crore annually over a span of four years, with the balance spread equally in six installments until FY 2040-41.
(With inputs from agencies.)
ALSO READ
US government agrees to drop tax claims against Trump in broadening of IRS lawsuit settlement
Himachal government's Rs 25 lakh incentive pays off; 131 panchayats elected unopposed
Bengal govt notifies 'Annapurna' financial assistance scheme for women
'ULB poll results reflect faith in Sukhu government': Congress MLA Kewal Singh Pathania
UPDATE 1-Soccer-Southampton playoff final fate, financial windfall on line as 'Spygate' hearing begins
Google News