Vodafone-Idea gets 10-year relief on AGR dues; stock surges 8%

• Vodafone-Idea (Vi) receives a 10-year relief on over 95% of its Adjusted Gross Revenue (AGR) dues.
• Government freezes Vi's AGR dues at Rs 87,695 crore until December 31, with a committee to re-evaluate and potentially reduce the amount.
• Re-evaluated AGR dues will be payable between FY2036 and FY2041, offering a significant payment extension.
• Vi will make annual payments of Rs 114 crore until FY31 and Rs 100 crore from FY32-FY35, with a five-year moratorium on frozen liabilities.
• This relief package aims to help the debt-ridden company recover commercially, leading to an 8% surge in its stock.

Why It Matters: Vi's 10-year AGR relief and re-evaluation offer crucial financial breathing room for recovery.