No AGR relief, a higher proportion of telecom debt may get converted into equity: Balaji Subramanian

September 23, 2024

The Supreme Court has rejected the plea by telecom companies for re-computation of adjusted gross revenue (AGR), leaving no relief for major players like Vodafone Idea and Bharti Airtel. Vodafone Idea’s ability to complete its debt fundraising is crucial to maintaining its capex programme as well as preventing further subscriber loss.

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Just Dial reported a 43% YoY rise in Q3FY25 net profit to ₹131.31 crore, with revenue up 8.4% to ₹287.33 crore. Sequentially, profit declined 15%.

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34 mutual fund NFOs mobilised Rs 13,852 crore in December

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