Vi struggling to stay afloat as parent companies refuse reinvestment

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Late last month, the Indian Supreme Court rejected calls from Bharti Airtel and Vi to recalculate the amounts due the government as a result of adjusted gross revenue (AGR) fees. Now, with a batch of repayments imminent, Vi is struggling to survive, with both of its parent companies, Aditya Birla Group and Vodafone Group, loathe to inject more funds into a potentially sinking ship.    The company is facing a roughly $3 billion shortfall in cash flows for FY2023 as a result of AGR…

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