Vodafone Idea keen on resolution of Rs 78,500 crore AGR dues, engages with banks and NBFCs for fundraising

Debt-ridden Vodafone Idea is working very closely with the government and expects to come up with the best, long-term solution to its Rs 78,500 crore adjusted gross revenue dues, a top official of the company has said.

During the company’s earnings call on Tuesday, Vodafone Idea CEO Abhijit Kishore said the company is engaging multiple sources, including banks and non-banking finance companies, for fundraising, which also depends on the resolution of the AGR matter for long-term funding.