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

EntertainmentRishab Shetty on 'Jana Nayagan' leak: Serious and unacceptable act

BusinessIndia accounts for 49 pc of global real time digital payments as UPI turns 10

BusinessASG Eye Hospital Sees Rising Demand for LASIK Surgery in India

BusinessSEBI chief reaffirms open-door policy for global capital

Politics"Foolish idea": Congress leader Nana Patole slams Maharashtra govt's move to make Marathi mandatory for auto drivers

कारोबार Realted Stories

BusinessChitkara University Partners with JAN AI to Drive Inclusive Innovation and AI-Led Entrepreneurship

BusinessIndia remains open, attractive destination for global capital: SEBI chief

BusinessBest Cotton Fabric and Viscose Fabric Suppliers for Fashion Startups

BusinessHarperCollins India to publish Albinder Singh Dhindsa's BUILDIT, a candid account of building Blinkit on 15th April 2026

BusinessOPPO F33: Everything to Know About the Most Feature-Rich F-Series Phone Yet