Vodafone Idea Shares Soar 8% on Major AGR Dues Relief; Future Brighter?

• Vodafone Idea shares surged nearly 8% to ₹12.52 after receiving significant relief on its Adjusted Gross Revenue (AGR) dues.
• The Department of Telecommunications (DoT) has frozen AGR dues from FY 2006-07 to 2018-19 and set a new long-term payment framework.
• The new plan involves repaying AGR dues in three phases, with annual payments from March 2026 to March 2041.
• A DoT committee will re-evaluate the AGR dues, with the final amount also payable in installments between March 2036 and March 2041.
• The government, holding a 49% stake, had previously frozen AGR dues at ₹97,695 crore, allowing a 5-year moratorium and 10-year payment.

Why It Matters: Vodafone Idea gets crucial AGR dues relief, boosting shares and offering a clearer path forward.