Vodafone Idea Share Price: Shares of Vodafone Idea Ltd extended gains for the second straight session on Wednesday, rising 4.24 per cent to hit a high of Rs 10.57. The stock has now gained 6.34 per cent over the past two trading days as investors tracked fresh developments around the company’s long-pending AGR liabilities.
Big meeting scheduled on Vodafone’s AGR issue
A crucial meeting of the Cabinet of Secretaries is scheduled for tomorrow to discuss potential AGR relief for Vodafone Idea (VI). The government officials hinted that the matter may be taken up formally, raising hopes for a structured resolution to the telco’s massive dues burden.
Vodafone Idea’s financial challenges deepened after the Supreme Court’s 2019 judgment, which upheld the government’s definition of Adjusted Gross Revenue.
Over the years, the company’s total debt has swollen to nearly Rs 2 lakh crore, which includes:
Rs 1.2 lakh crore of spectrum-related debt
Rs 83,400 crore in AGR dues as calculated earlier
A recent Supreme Court order has now opened the door for recalculation of AGR dues, allowing the company to contest previous assessments. Government sources have confirmed that the company has received positive signals on this front.
Why AGR relief is crucial for Vodafone Idea
A meaningful reduction in government dues could significantly reduce VI’s leverage. Lower liabilities would improve its financial stability and help the company:
Raise fresh debt more easily
Support its survival in the highly competitive telecom market
Industry experts believe that government support is critical for the company to stay operational, given its current debt load and market position.
Disclosure issued by Vodafone Idea
Following a media report suggesting possible AGR relief by year-end, the company issued a clarification to stock exchanges. VI stated, “The company has already issued detailed statements on the Supreme Court’s order regarding AGR dues via communications dated October 27, 2025 and November 4, 2024. We will make all necessary disclosures as and when there is any development.”
Overall AGR liability picture
While exact revised numbers will depend on the recalculation process, Vodafone Idea is seeking a substantial waiver of past interest and penalties.
Bharti Airtel, also affected by AGR rulings, faces lower dues compared to VI but remains part of the broader industry context.
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