Vodafone Idea Shares Surge 5% on Government’s Possible AGR Dues Restructuring, Considering Rs 84,000 Cr Relief

Vodafone Idea shares gained momentum on Tuesday, following reports that the Indian government may offer further relief on the company's massive Adjusted Gross Revenue (AGR) dues. The telecom share closed at Rs 6.87 on June 24, reflecting a 5% increase or a rise of Rs 0.32 from its previous close.

Vodafone Idea Share Price Today

On June 24, shares of Vodafone Idea Ltd closed at Rs 6.87 on the National Stock Exchange (NSE), registering a 4.89% gain or Rs 0.32 increase from the previous close of Rs 6.55. During the trading session, the stock moved within a range of Rs 6.64 to Rs 7.03.

Vodafone Idea stock's 52-week price range stands between Rs 6.29 and Rs 19.18. The company currently holds a market capitalisation of Rs 744.32 billion, with an average daily trading volume of 10.77 million shares.

What Is Driving Vodafone Idea's Stock Price Rally?

The rally came after a report indicated that the government is exploring several options to ease the telecom operator's financial burden. Vodafone Idea currently owes Rs 84,000 crore in AGR dues. One of the proposed solutions includes extending the repayment period from 6 years to 20 years, with simple interest replacing compound interest on the outstanding amount. Another suggestion under review involves the company making a token annual payment of Rs 1,000-1,500 crore until a final resolution is reached.

This development follows a letter written by Vodafone Idea CEO Akshaya Moondra to the Department of Telecommunications last month, as per the report. In the letter, he warned that without timely government support, particularly on AGR dues, the company may not be able to continue operations beyond FY26, as bank funding talks are stalled due to financial uncertainty.

While the government has ruled out increasing its stake in Vodafone Idea further-it already holds 48.99% after converting spectrum dues worth Rs 36,950 crore into equity earlier this year-it remains committed to keeping the telecom player operational. The government has consistently emphasised the need for a competitive three-player private telecom market to ensure consumer choice and healthy industry dynamics.