Vodafone Idea Shares Plunge 11% as Cabinet Freezes ₹87,695 Cr AGR Dues for 5 Years

• Vodafone Idea shares dropped 11% after the Union Cabinet froze its Adjusted Gross Revenue (AGR) dues.
• Cabinet approved a five-year moratorium on AGR payments, fixing the total liability at ₹87,695 crore.
• The frozen AGR dues will be rescheduled for payment between FY32 and FY41, with FY18-FY19 dues payable over the next five years.
• The debt-ridden telecom company's survival is crucial, supporting 18,000 employees and 198 million subscribers.
• Government became Vodafone Idea's largest shareholder with a 49% stake by converting ₹36,950 crore dues into equity.

Why It Matters: Cabinet's AGR dues freeze offers Vodafone Idea a payment reprieve, but shares still fell.