Vodafone Idea Shares Skyrocket on AGR Relief Hopes; Cabinet Decision Awaited

• Vodafone Idea shares surged over 2% to Rs 12.50, hitting a new 52-week high on December 31.
• The rally is fueled by strong market speculation of imminent government relief on AGR (Adjusted Gross Revenue) dues.
• Union Cabinet is expected to consider Vodafone Idea's proposal for AGR relief today.
• CLSA estimates potential relief of up to $8 billion if interest and penalties on AGR dues are waived.
• Government already holds ~49% stake in Vi; AGR relief is crucial for the company's survival and telecom sector stability.

Why It Matters: Vi's share surge hinges on awaited government decision on crucial AGR relief.