Vodafone Idea shares set to react after disclosing repayment timeline for ₹87,695 crore AGR dues

Vodafone Idea Ltd., the debt-laden telecom service provider, said in an exchange filing on Friday, January 9, that it has received a communication from the Department of Telecom, with regards to the Adjusted Gross Revenue dues.

The filing stated that the AGR dues of the company for the period from financial year 2006-2007 to financial year 2018-2019 will be frozen and paid in the following manner:

First, A maximum of ₹124 crore to be paid annually over the next six years, that is between March 2026 to March 2031

Second, ₹100 crore to be paid annually over four years, that is between March 2032 to March 2035

and the remaining AGR dues have to be paid in equal installments annually over six years, that is between March 2036 to March 2041.

The dues are inclusive of principal, interest, penalty and the interest on penalty.

On December 31, the government had announced that Vodafone Idea's AGR dues will be frozen at ₹97,695 crore, offering a 10-year payment window after a five-year moratorium.

Shares of Vodafone Idea had ended unchanged on Friday at ₹11.47.

To be updated with more.