Vodafone Idea has stated that it is still working on the amount to be paid towards adjusted gross revenue (AGR) dues and plans to pay it in the next few days.
As per the telco, the promoters, Aditya Birla Group and Vodafone Group Plc, will not infuse any additional capital and the entire payment will be arranged by the company from its existing reserves and a potential short-term loan.
However, the telco has cautioned that its future remains dependent on the apex court’s call over the modification plea which has now been listed for hearing on March 17, 2020.
The Supreme Court has directed telcos to pay up more than Rs 1 trillion by March 17, 2020, of which Vodafone Idea has to pay over Rs 500 billion.
