INSUBCONTINENT EXCLUSIVE:
Mumbai: Shares of Vodafone Idea and Bharti Infratel could drop sharply on Friday after the Supreme Court on Thursday rejected the plea of
telecom companies for a review of its earlier order that allowed the government to collect dues worth Rs 1.47 lakh crore from them.
Analysts
believe that Bharti Airtel could escape with moderate declines since the company is in a position to pay the adjusted gross revenue (AGR)
decisions for review are in sync with the main judgement
So, we are not surprised with the judgement
research, IIFL Securities
Bharti Infratel declined 1.8 per cent to Rs 242.85.
Among the non-telecom companies facing AGR liabilities are Power Grid Corp, GAIL, and
Further, a two-year moratorium and EMI-driven repayment could require Rs 7,100 crore and Rs 9,100 crore cash outgo for Bharti Airtel and
raising possibilities, while Bharti has already launched QIP/FCCBs to raise $3 billion to pay its AGR liability, which would merely dilute 5
