AGR verdict: Defunct telecom biz drains two-thirds of Tata Sons dividends

Parent firm to pay fresh Rs 9,987-cr liability of Tata Teleservices

The financial liability of the Tata group’s now defunct mobile telephony business continues to drain a large portion of the cash that Tata Sons earned by way of dividend and share buybacks from various group companies since the listing of its cash cow, Tata Consultancy Services in 2004.

With the latest Supreme Court ruling on adjusted gross revenues (AGR), the total financial liability of Tata Teleservices is now equivalent to nearly two-third of Tata Sons all dividend income earned from group’s listed firms in past 15 years. The fresh liability of Tata Teleservices is estimated at Rs 9,987 crore.

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