Airtel urges AGR dues conversion due to promoter debt strain

Airtel has urged DoT for urgent action on its request to convert adjusted gross revenue (AGR) dues into government equity, highlighting the high debt burden of its promoter, Bharti Telecom Limited (BTL) and the need to bolster its balance sheet. Airtel has pointed out that BTL’s debt has reached Rs 410 billion and that promoters have limited ability to invest further, due to financial strain.