Vodafone Idea Shares Soar 4% on Reports of Major AGR Dues Cut & Govt Exit Plan

• Vodafone Idea shares surged nearly 4% after reports suggested a sharp cut in Adjusted Gross Revenue (AGR) dues following a DoT reassessment.
• An Economic Times report indicates DoT may cut over 50% of the Rs 87,695 crore frozen AGR dues, with payments rescheduled between FY36 and FY41.
• The Union Cabinet approved an AGR relief package, including a five-year moratorium and a DoT committee for reassessment of dues, interest, and penalties.
• Reports suggest the relief package could pave the way for the government's exit from Vodafone Idea, potentially attracting private sector investors.
• The government currently holds nearly 49% stake in Vodafone Idea after converting dues worth Rs 36,950 crore into equity.

Why It Matters: Vodafone Idea shares rally on potential AGR dues cut and government's strategic exit plan.