The shares of Vodafone Thought Restricted (VIL) have been buying and selling at ₹9.52 down by ₹0.42 or 4.23 per cent on the NSE at the moment at 11.55 am.
Vodafone Thought Restricted (VIL) clarified on January 20 that it has not acquired any communication from the federal government relating to a possible waiver of Adjusted Gross Income (AGR) dues value over ₹1 lakh crore. The telecom operator issued this assertion to inventory exchanges following vital motion in its share value on the identical day.
The clarification got here in response to a media report revealed on January 18, which instructed that the federal government was contemplating a considerable aid package deal for telecom corporations by waiving AGR dues.
The AGR dues have been a major monetary burden for Indian telecom operators because the Supreme Court docket’s ruling in 2019, which broadened the definition of AGR to incorporate non-telecom revenues.
