Vodafone Idea shares zoom 9% on reports of AGR relief package from Govt

Vodafone Idea (Vi) shares surged 9.3% to Rs 7.17 after reports of a potential PMO-led relief package addressing AGR dues.

The Department of Telecommunication (DoT) proposed options including moratorium extension, flexible repayment timelines, and potential waivers on penalties and interest.

Vi faces massive AGR-related dues of ~Rs 83,400 crore, with annual obligations of ~Rs 18,000 crore from March 2025.

CEO Akshaya Moondra emphasized the company’s survival depends on securing funding amid restricted access to conventional banking channels.