Overview
- PTI reports the Union Cabinet approved a package freezing Vodafone Idea’s AGR dues at Rs 87,695 crore as of December 31, with repayments scheduled from FY32 to FY41.
- The Department of Telecommunications will reassess the dues, and amounts for FY18 and FY19 remain payable from FY26 to FY31 without change.
- NDTV Profit reports a five-year interest-free moratorium until FY32, with no waiver on the principal AGR liability.
- Shares jumped to a 52-week high early in the session before sliding nearly 10% on the NSE after the reports, reflecting investor caution.
- The October Supreme Court order allowing a reassessment of dues up to FY17 underpins the government’s latest move.