AGR dues equity swap proposal exploratory in nature: Airtel

Bharti Airtel‘s vice chairman and managing director, Gopal Vittal, said on Wednesday that the company’s recent proposal to convert its adjusted gross revenue (AGR) dues into government equity was only exploratory in nature. Speaking during an earnings call following the company’s March-quarter results, Vittal said Airtel approached the government merely to seek clarification on whether such a conversion option existed, similar to the relief extended to rival Vodafone Idea.