Vodafone Idea decides to not convert its AGR dues into equity: Report

Vodafone Idea (Vi) needs to tell its decision to DoT on September 16 if it wants to convert the FY18 and FY19 dues into equity

Vodafone Idea (Vi) will soon inform the Department of Telecommunications (DoT) that it will not convert the accrued interest on deferred adjusted gross revenue (AGR) dues for FY18 and FY19 into equity, according to a report by the Economic Times (ET). 

The report further said that the government is yet to take a call on converting Vi's dues worth Rs 16,130 crore till FY17 into equity. The Supreme Court (SC) had in 2021 allowed the conversion of dues into equity but it was only until FY17. The dues for FY18 and FY19 were not talked about in the order.