City
Epaper

Vodafone Idea submits AGR self assessment, says total liabilities stand at Rs 21,533 crore

By ANI | Updated: March 6, 2020 15:25 IST

Vodafone Idea on Friday submitted its self assessment of statutory dues to the Department of Telecommunications (DoT) which stand at Rs 21,533 crore.

Open in App

Mumbai (Maharashtra) [India], Mar 6 : Vodafone Idea on Friday submitted its self assessment of statutory dues to the Department of Telecommunications (DoT) which stand at Rs 21,533 crore.

The company has filed its self-assessment of adjusted gross revenue (AGR) liabilities with the DoT, it said in regulatory filings at stock exchanges.

"The self-assessment discloses the company's AGR liabilities to aggregate Rs 21,533 crore including a principal amount of Rs 6,854 crore for the period from FY 2006-07 to FY 2018-19 and interest up to February 2020," said Vodafone Idea.

The company has so far paid a sum of Rs 3,500 crore to the DoT which is a fraction of the Rs 57,000 crore demanded by the government.

It paid a sum of Rs 2,500 crore on February 17 and a further sum of Rs 1,000 crore on February 20 towards this liability, it said.

On Wednesday, Vodafone Idea board of directors met to discuss the AGR issue. At 3 pm on Friday, its stock was trading nearly 7 per cent lower at Rs 3.34 apiece.

( With inputs from ANI )

Open in App

Related Stories

National'Congress' arrogance is drowning it', says Abu Azmi as SP opts to go solo in BMC polls

NationalRush continues at Sabarimala; fresh restrictions to curb overcrowding

InternationalIndia calls for United Global Action on Energy Security on sidelines of COP30 in Brazil

CricketFormer Australia captain makes key predictions for upcoming Ashes series

Other SportsProud moment for me: Achraf Hakimi on winning African Footballer of the Year award

कारोबार Realted Stories

BusinessIndian stock markets open higher as global tech rally boosts sentiment

BusinessIndian markets open in green; experts see enough global and domestic strength for a record high

BusinessIndia’s exports surge in man-made fibre, technical textiles sectors

BusinessFinancial regulator in S. Korea calls on credit card firms to better protect customer data

BusinessAuto exports fall 10.5 pc in Oct on S. Korea on fewer working days: Data