Vodafone Idea Shares Jump 7% on AGR Dues Relief Hopes

Quick Summary

• Vodafone Idea’s share price surged by 7.06% to Rs 7.03 on June 24, 2025, following reports of potential relief from the Indian government on Adjusted Gross Revenue (AGR) dues.
• During early trading, the stock climbed 3% to Rs 6.71 before reaching Rs 7.03 later in the day.
• Reports suggest a proposal to extend the repayment period for AGR-related dues worth Rs 84,000 crore from six years to twenty years is under discussion.
• Investor interest was boosted further after Telecom Minister jyotiraditya Scindia emphasized the importance of competition in India’s telecom sector and opposed a duopoly.

– Scindia stated: “India must have competition in every sector… It’s not good enough having a duopoly or one carrier or two carriers.”

• Vodafone Idea CEO Akshaya moondra had previously warned that without government support on AGR dues, the company might cease operations beyond FY26 due to stalled bank funding discussions.

– Moondra stressed: “Without GoI’s timely support… VIL will not be able to operate beyond FY26.”

• The government reportedly intends to maintain a three-private-player telecom market and may allow annual token payments of around Rs 1,000-1,500 crore as part payment until broader decisions are made.

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