AGR liabilities at Rs 21,533 cr as per self assessment: Vodafone Idea

Image
Press Trust of India New Delhi
Last Updated : Mar 06 2020 | 3:02 PM IST

Vodafone Idea on Friday said its adjusted gross revenue (AGR) liabilities stand at Rs 21,533 crore as per its self assessment, and that the calculation of dues has been filed with the telecom department.

The statement assumes significance as the government has estimated the company's dues at over Rs 53,000 crore, of which it has so far paid only Rs 3,500 crore in two tranches.

The AGR liabilities calculated by Vodafone Idea (VIL) are only 41 per cent of the government's assessment.

Vodafone Group CEO Nick Read is currently meeting Telecom Minister Ravi Shankar Prasad to discuss options to keep VIL afloat.

"The self assessment discloses the company's AGR liabilities to aggregate Rs 21,533 crore including a principle amount of Rs 6,854 crore for the period from FY 2006-07 to FY 2018-19 and interest up to February 2020," the company said in a BSE filing.

It said the company has filed its self assessment of AGR liabilities with the Department of Telecom.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 06 2020 | 3:02 PM IST

Next Story