Vi AGR relief boosts funding prospects, investor confidence

Vodafone Idea has secured substantial regulatory relief on its adjusted gross revenue (AGR) liabilities, a development that analysts say materially eases cash flow pressure and improves the company’s ability to raise funds or attract a strategic investor.

In a filing on Friday, Vodafone Idea said it has received formal communication from the department of telecommunications confirming the freezing and long-term rescheduling of its AGR dues. While the headline AGR number of R 87,695 crore, covering principal, interest and penalties for FY07 to FY19, has not yet been restated, the company said the amount does not require immediate payment.