Vodafone Idea Shares Soar 10% on Rs 5,836 Cr Relief & Govt AGR Package

• Vodafone Idea shares surged 10% after securing Rs 5,836 crore relief from Vodafone Group promoters through an amended contingent liability agreement.
• Rs 2,307 crore of the relief amount is scheduled for release over the next 12 months, with additional security from earmarked shares.
• Vodafone Group also earmarked 328 crore shares in Vi (worth Rs 3,529 crore) for Vi's benefit, allowing Vi to sell them.
• Union Cabinet approved a relief package, freezing Vi's Rs 87,695 crore AGR dues, now payable over 10 years from FY32 to FY41.
• The Supreme Court previously allowed reassessment of Vi's dues up to FY17, providing significant financial relief to the debt-laden telecom operator.

Why It Matters: Vodafone Idea gains significant financial relief from promoters and government, boosting investor confidence.