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Vodafone Idea's shares rose after India told the Supreme Court it won't oppose the company's plea over a ₹9,450 crore AGR demand.
Vodafone Idea's shares rose over 7% on September 19 after the Indian government told the Supreme Court it would not oppose the company's plea in the AGR dispute, acknowledging a resolution is needed.
The case, set for next hearing on September 26, involves Vodafone Idea's challenge to an additional ₹9,450 crore AGR demand for FY18 and FY19, which the company says includes errors and duplications.
The telecom operator owes about ₹83,400 crore in AGR dues, with total liabilities nearing ₹2 trillion including interest and penalties.
The Supreme Court had previously set a 10-year repayment window starting in 2021, but the DoT maintains the new demand reflects finalized accounts, not a reassessment.
Las acciones de Vodafone Idea subieron después de que la India le dijera a la Corte Suprema que no se opondrá a la petición de la compañía sobre una demanda de ₹ 9,450 crore AGR.