Vodafone Idea’s AGR dues relief may pave the way for another equity raise: Brokerages

The apex court allowing the Centre to reconsider and reconcile Vodafone Idea’s Rs 5,606 crore AGR dues for FY17 offers the government a space to formulate a plan for the telco’s sustainability, according to various brokerages.

Citi, in its report, termed the Monday’s developments in the Supreme Court as one that could have significant positive ramifications for Vodafone Idea.

Citi believes that AGR relief could be in the form of a partial waiver of dues or extension of timeline for payment of the dues, even a combination of the two.