Vodafone Idea Limited has paid another Rs. 1000 crore to DoT towards AGR dues

The Hon'ble Supreme Court, at the last hearing held on 18 June, 2020, had passed the following order:

"We have requested the telecom operators to file audited Balance Sheets, for the last 10 years including for the Calender year ending 31.3.2020 as well as the Income Tax Returns and the particulars of AGR deposited during the last 10 years and we have also requested to make payments of reasonable amount also to show their bonafides, before the next date of hearing."

In line with the above, Vodafone Idea Limited (IDEA / 532822) has yesterday (i.e. 17 July 2020) paid a further sum of Rs. 1,000 crore to the DoT towards the AGR dues. The Company had earlier deposited Rs. 6,854 crores in 3 tranches.

The Company has thus paid an aggregate amount of 7,854 crores towards the AGR dues.

Shares of Vodafone Idea Ltd was last trading in BSE at Rs.8.88 as compared to the previous close of Rs. 7.87. The total number of shares traded during the day was 117588911 in over 127641 trades.

The stock hit an intraday high of Rs. 9.04 and intraday low of 7.42. The net turnover during the day was Rs. 991345767.

Source : Equity Bulls

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