Business »  Topic »  SC ruling on telecom AGR dues puts Rs 30,000 crore loans to Vodafone Idea at risk

SC ruling on telecom AGR dues puts Rs 30,000 crore loans to Vodafone Idea at risk


New Delhi: The Supreme Court on Friday refused to give relief to telecom companies on adjusted gross revenues (AGR) dues, which has raised fears of a possible shutdown of Vodafone Idea, which has already expressed its inability to infuse further equity into the business to clear AGR dues.

Bankers fear a possible collapse of Vodafone Idea will increase their bad loans by another Rs 30,000 crore and spark a rerun of the crisis that gripped the sector few years ago. Vodafone Idea has repeatedly been saying that its survival will be under threat if the government does not give ...


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