Airtel wanted clarity if it has option to convert AGR dues into govt equity: Gopal Vittal

Bharti Airtel’s application for converting its adjusted gross revenue (AGR) dues to the government into equity ownership was meant to seek a clarity on available options for the company, the telecom firm’s vice-chairman and MD Gopal Vittal said on Wednesday. Bharti Airtel has sought conversion of its AGR dues of around Rs 41,000 crore, including interest liability, into equity ownership for the government, in line with a similar relief given to debt-ridden Vodafone Idea.