Vodafone Idea Shares Plunge 11% Despite 5-Year AGR Moratorium Approval

• Vodafone Idea shares dropped over 11% after reports of Union Cabinet approving a 5-year moratorium on its Rs 87,695-crore AGR dues.
• The stock initially fell 15% to Rs 10.25, despite earlier hitting a 52-week high of Rs 12.8.
• The market expected a waiver, not just a moratorium, leading to the share decline, as per experts.
• A DoT committee will be formed to reassess and re-evaluate the AGR dues, including interest and penalty reversal.
• Government became the largest shareholder in Vi, converting Rs 36,950 crore dues into equity for a nearly 49% stake.

Why It Matters: Vi shares fell as market expected AGR waiver, not just a 5-year moratorium on Rs 87,695-crore dues.