Overview

• DoT has informally outlined options to the Prime Minister’s Office and has been asked to file a fresh formal proposal covering Vodafone Idea and Bharti Airtel.
• Reported measures include a two-year pause on statutory dues, smaller annual payouts, extended repayment timelines, and waivers on penalties and interest.
• One report indicates Vodafone Idea’s AGR obligation could fall to about Rs 28,000 crore from roughly Rs 83,400 crore if the plan is approved.
• Vodafone Idea’s shares rose as much as 11% intraday on Friday following the relief reports, while Bharti Airtel saw a modest uptick.
• The Supreme Court has rejected waiver pleas, the four-year moratorium ends in September, and lenders remain hesitant to extend large loans without clear government action.