Vi Shares Soar on Cabinet Relief, Then Dip 8% from 52-Week High

• Union Cabinet approved an Adjusted Gross Revenue (AGR) relief package for Vodafone Idea on December 31.
• The package includes a 5-year moratorium on AGR dues and freezing Rs 87,695 crore dues, rescheduled to FY2032-FY2041.
• Vodafone Idea, burdened by Rs 83,400 crore AGR debt, has warned it cannot survive without funding support.
• Vi stock hit a new 52-week high of Rs 12.36 but later fell 7.79% to Rs 11.08 after the news.
• Shares doubled in four months from its 52-week low and rose 25% in the last month.

Why It Matters: Cabinet's AGR relief boosted Vodafone Idea shares to a 52-week high, but stock later dipped.