Telecom operator Vodafone Concept’s board of administrators has accredited the deferment of AGR-related dues by 4 years with fast impact consistent with the Division of Telecommunications (DoT) order issued on June 15, as per an change submitting. The submitting additional said that the quantity of AGR-related dues said within the DoT letter is Rs 8,837 crore and is topic to revision on account of disposals of representations, Comptroller and Auditor Common of India, Particular Audit, and some other end result of litigation.  

The ultimate quantity should be paid in six equal annual tranches submit moratorium interval ranging from March 31, 2026. Vodafone Concept defined, “The stated DoT letter additionally gives the Firm an choice for fairness conversion of curiosity dues upfront for these AGR-related dues for which a interval of 90 days has been offered from the date of the stated DoT letter.” 

Authorities-approved all telcos who’ve opted for a moratorium shall pay financial institution ensures definitely worth the subsequent payable installment, together with that a part of the deferred fee due with the installment, Minister of State for Communications Devusinh Chauhan informed the Parliament in March. He added the Authorities of India (GoI) has given a moratorium of 4 years on the fee of adjusted gross income (AGR) dues to all eligible telecom service suppliers (TSPs).  

In the meantime, the board of administrators additionally accredited elevating funds as much as Rs 436.21 crore by way of issuance of both as much as 42,76,56,421 fairness shares with a face worth of Rs 10 per share or as much as 42,76,56,421 warrants convertible into fairness shares to a Vodafone Group entity and promoter Euro Pacific Securities on a preferential foundation.  

Additionally learn: BIF dismisses telcos’ argument on captive non-public 5G networks as absurd

Additionally learn: Shares in information: Vodafone Concept, ITC, Bajaj Auto, SBI and extra

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