Last updated: 02 Sep, 2020 | 04:16 pm
Telecom companies Bharti Airtel and Vodafone Idea faced a setback after the Supreme Court refused to allow telecom companies to make payment of AGR dues over 20 years. The court has instead allowed only a 10-year window for the telcos to repay. According to the court order, the 10-year timeline for payment of AGR dues will begin on April 1, 2021, and the companies need to pay 10% upfront by March 31, 2021.
How much is due for Bharti Airtel, Vodafone Idea?
Financial position of Bharti Airtel and Vodafone Idea
Impact on banks that have exposure to Vodafone Idea
Bharti Airtel: Hold (Based on views of 26 analysts from external institutions)
Reliance Industries: Buy (Based on views of 33 analysts from external research institutions)
Vodafone Idea: Sell (Based on views of 15 analysts from external research institutions)