🌟 [ 4 ] टैक्स को लेकर आई अच्छी खबर | Vodafone Idea Share | कंपनी का शेयर 4% उछला [ @ ]
( 1021 viewed : 25 like : 1 comments ) टैक्स को लेकर आई अच्छी खबर | Vodafone Idea Share | कंपनी का शेयर 4% उछला
Vodafone Idea shares jump 10%, telecom stocks surge as reports say Centre mulling waiver of substantial portion of AGR dues
The Centre's proposal reportedly includes waiving 50 percent of interest and 100 percent of penalties and interest on penalties, according to sources.
Shares of beleaguered telecom operator Vodafone Idea Ltd. shot up to the 10 percent upper circuit in the early session on January 20, as Moneycontrol reported that the Centre might weigh a substantial portion of adjusted gross revenue (AGR) dues imposed on companies like Vodafone Idea and Bharti Airtel after the Supreme Court's 2019 verdict.
At 9.35 am, shares of Vodafone Idea were quoting Rs 10.02, higher by 10 percent on the NSE. The BSE Telecom index gained around 1.5 percent in trade, as other telecom stocks shared the optimism.
The source revealed that the Department of Telecommunications (DoT) has conducted multiple meetings with telecom operators, including Vodafone Idea, during which the telcos highlighted their financial strain.
The proposal reportedly includes waiving 50 percent of interest and 100 percent of penalties and interest on penalties. If finalised, it could result in over Rs 1 lakh crore in financial relief for telecom operators, with over half benefiting Vodafone Idea (Vi), which is grappling with severe financial distress.
Under this framework, Vi's AGR dues could be reduced by over Rs 52,000 crore and Bharti Airtel’s dues could drop by nearly Rs 38,000 crore. Tata Teleservices could see a reduction of around Rs 14,000 crore.
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