AGR dues: After SC denies relief, is it the end of road for Vodafone Idea?

Cumulatively, the company has lost nearly Rs 45,000 crore in the last four quarters, eroding its net worth to its lowest level in three-year

There was gloom at the headquarters of Vodafone Idea in Mumbai on Friday, with top executives saying the company would not be able to take the additional Rs 54,000-crore hit and it would now end up in bankruptcy court.

“It would be difficult for the company to survive after this judgment,” said a Vodafone executive. 

Vodafone Idea’s net worth (or shareholders’ equity) was down 73 per cent year-on-year to around Rs 17,600 crore at the end of the December 2019 quarter after the company reported a net loss of around Rs 6,400 crore during the quarter. Cumulatively, the company has lost nearly