Voda may set aside Rs 5,000 crore yearly for AGR dues
Synopsis
"Payable AGR dues have to be planned and therefore those funds have to be first set aside. The biggest worry about fundraising is the ability to convince investors on the RoI (return on investment)," said a close adviser to the Aditya Birla Group (ABG).
Mumbai: Vodafone Idea is likely to provision more than Rs 5,000 crore annually as ‘priority funding’ to service its statutory dues based on adjusted gross revenue (AGR), even as the top management braces for the challenge in attracting investors in a company facing a dwindling cash position and weak operational metrics."Payable AGR dues have to be planned and therefore those funds have to be first set aside. The biggest worry about fundraising
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