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Bharti Airtel defers Q2FY20 results after Supreme Court's AGR verdict

Updated : October 29, 2019 02:01 PM IST

Bharti Airtel’s second quarter results, which were expected to be released in the post-market hours on Tuesday, has now been deferred until November 14 as the company seeks more clarity on the Supreme Court’s verdict on the adjusted gross revenues (AGR).
In a massive setback for Bharti Airtel, Vodafone-Idea and Reliance Communications, the Supreme Court on Thursday rejected the telecom companies' definition of AGR.
Bharti Airtel has said that it will be approaching the DoT to seek clarity on the total amount involved and request for their support to deal with the Supreme Court verdict.
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