On Friday, Vodafone Idea unveiled a repayment plan for its telecom dues, outlining that a portion of its adjusted gross revenue (AGR) liabilities will be settled with annual payments of up to Rs 124 crore over the next six years.
According to a report by Reuters in December, the Indian government sanctioned a partial suspension of the company's financial obligations, halting payments amounting to approximately $9.76 billion and deferring most of the repayments to the 2030s, as per a government source.
In a recent stock exchange filing, the company outlined a repayment plan where it will pay up to Rs 124 crore annually for six years, from March 2026 to March 2031. This will be followed by payments of Rs 100 crore per year for four years, from March 2032 to March 2035. The remaining AGR dues will then be cleared in equal annual installments over the next six years, from March 2036 to March 2041.
Vodafone Idea revealed that its AGR dues, covering principal, interest, penalties, and interest on penalties from FY 2006-07 to FY 2018-19 will be frozen as of December 31, 2025, and repaid in installments over time.
On December 31, the government announced that Vodafone Idea's AGR dues would be frozen at Rs 87,695 crore, with the company being given a 10-year window to make payments after a five-year moratorium.
The government, which holds a 49 percent stake in Vodafone Idea and is its largest public shareholder, had said in an official cabinet note that the move would facilitate an orderly repayment of dues while safeguarding the interests of the company's nearly 20 crore customers.
Shares of Vodafone Idea were trading about 3 percent higher in early trade on Friday at Rs 11.85.