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India to grant Vodafone Idea a 5-year interest-free pause on ₹83,000 crore AGR debt, reducing it to ~₹40,000 crore.
The Indian government is expected to approve a 4- to 5-year interest-free moratorium on over ₹83,000 crore in AGR dues for Vodafone Idea, with the outstanding amount likely reduced to about half after a reassessment.
The company would repay the re-evaluated debt in six installments post-moratorium.
The move, pending Cabinet approval, aims to stabilize the telecom operator amid financial strain from a 2019 Supreme Court ruling expanding AGR to include non-telecom income.
The relief, specific to Vodafone Idea, could unlock a ₹25,000 crore fundraising and attract a $4–6 billion investment from Tillman Global Holdings, while Bharti Airtel continues scheduled payments.
India concederá a Vodafone Idea una pausa sin intereses de 5 años en la deuda AGR de ₹ 83,000 crores, reduciéndola a ~ ₹ 40,000 crores.