AGR Verdict - Mr. Jaikishan Parmar, Sr. Equity Research Analyst, Angel Broking Ltd

"Today the supreme court to give verdict related to repayment of adjusted gross revenue (AGR) dues by telecom companies. The key three-point will be covered are a) time frame for the staggered repayment of AGR dues by telcos b) can spectrum be transferred or sold under IBC and c) Past due of R.comm, Videocon, and Aircel. If Supreme court allows staggered payment of AGR dues for 15 years what Bharti and Vodafone Idea has requested from the court. Then it will be positive for banks which has exposure to Vodafone Idea. Indusind Bank and IDFC first Bank have the highest exposure in terms of percentage to net worth. Hence any positive outcome will be positive for select bank and clear beneficial would be IDFC first bank and Indusind bank."

Source : Equity Bulls

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