Bharti Airtel Seeks Relief in AGR Dispute Post Supreme Court Ruling
Bharti Airtel plans to approach the government to seek relief in its adjusted gross revenue (AGR) matter, following a favorable Supreme Court order. The court allowed the government to revisit and reconcile telecom companies' pending AGR dues beyond the 2016-17 financial year.
- Country:
- India
Bharti Airtel is set to request government intervention for relief in the contentious adjusted gross revenue (AGR) issue, spurred by a favorable Supreme Court ruling in Vodafone Idea's case.
On Monday, the Supreme Court stated that the government should reassess telecom companies' pending AGR dues, not limited to the 2016-17 period, opening doors for potential relief.
Airtel's Vice-Chairman and MD, Gopal Vittal, noted their intent to proceed with caution, step by step, emphasizing the company's commitment to engaging with the government following the court's decision.
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