The shares of Vodafone Concept Restricted (VIL) had 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 Concept Restricted (VIL) clarified on January 20 that it has not acquired any communication from the federal government concerning 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 worth on the identical day.
The clarification got here in response to a media report printed on January 18, which advised that the federal government was contemplating a considerable aid package deal for telecom firms by waiving AGR dues.
The AGR dues have been a big monetary burden for Indian telecom operators for the reason that Supreme Court docket’s ruling in 2019, which broadened the definition of AGR to incorporate non-telecom revenues.
