The dismissal of telcos' plea by the Supreme Court on re-computation of AGR-related dues may deal a body blow to the troubled Vodafone Idea, whose balance sheet situation is 'precarious', analysts said on Friday. "The dismissal of the plea by the Supreme Court is a material setback for the company, in our view. Meanwhile, Edelweiss in a note said that any relief in AGR dues would have abated VIL's debt woes and facilitated much-needed fund-raising. The AGR dues for Bharti Airtel (Bharti) and Vodafone Idea (VI) will stay at ₹44,000 crore and ₹58,300 crore, respectively. In case of VIL, against the total dues of ₹58,254 crore, total payment received till date stands at ₹7,854.37 crore, while the outstanding payable stands at ₹50,399.63 crore.

Source: Mint July 23, 2021 13:41 UTC