What Supreme Court will find in financial statements of telcos2 min read . Updated: 22 Jun 2020, 12:33 AM IST
An exercise to ascertain telcos’ capacity to clear AGR dues shows they simply can’t, at least, based on cash from operations
Vodafone Idea Ltd’s shares have nearly tripled since the lockdown started, making it the biggest gainer among the Nifty 500 set of stocks in the past three months. One of the reasons for the optimism is a gradual softening in the Supreme Court’s stand in the adjusted gross revenue (AGR) case, giving rise to hopes about its survival.
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