₹3,390 crore at stake for debt mutual funds in Vodafone Idea’s AGR blow
- Franklin Templeton has taken write-down on its exposure to Vodafone Idea
- The probability of any relief measures being offered by the government appears low, analysts said
Mumbai/ New Delhi: The Supreme Court’s dismissal of pleas to review its judgement on Adjusted Gross Revenue (AGR) is not only a setback for telecom companies who have to pay the government more than ₹1 trillion in dues—now, mutual fund investors are worried about a debt default by Vodafone Idea.
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