💨 Abstract

The Indian government approved a relief package for Vodafone Idea, freezing its outstanding Adjusted Gross Revenue (AGR) dues at Rs 87,695 crore, with payments deferred until 2031-32 and to be cleared by 2040-41. The company, facing financial distress due to high debt and AGR liabilities, will benefit from a five-year moratorium on payments.

Courtesy: theprint.in