Vodafone Idea Share Price Jump Over 9% as Supreme Court Allows Review of AGR Dues

On October 27, 2025, the Supreme Court of India ruled that the government may reconsider the Adjusted Gross Revenue (AGR) dues of Vodafone Idea Ltd. (Vi). This marks a major shift from the 2019 judgment that had expanded the definition of AGR, leading to massive financial liabilities for Indian telecom operators.

The 2019 verdict required Vodafone Idea to pay over ₹70,000 crore in dues, including interest and penalties. Monday’s ruling allows the Department of Telecommunications (DoT) to re-evaluate the computation of these dues, a move that could significantly ease the company’s financial stress.

Market Reaction

Following the Supreme Court’s decision, Vodafone Idea’s shares surged nearly 10% intraday to ₹10.57. The market reaction reflects renewed investor confidence in the possibility of financial relief for the struggling telecom operator.

As per the news reports, Analysts believe the judgment could provide Vi with some flexibility in managing its cash flows and debt obligations, potentially allowing more capital to be directed toward 5G network investments and service upgrades. However, the extent of relief will depend on how the DoT recalculates the dues.

Implications for Telecom and Banking Sectors

The verdict is also expected to have a ripple effect across the telecom ecosystem. Vodafone Idea, which has been battling intense competition from Reliance Jio and Bharti Airtel, may now have a better chance at operational recovery.

Additionally, the ruling offers potential relief to lenders such as the State Bank of India (SBI), which holds significant exposure to Vodafone Idea’s outstanding loans. Any reduction in dues or improvement in Vi’s cash position would lower default risks for these institutions.

Vodafone Idea Share Price Performance

On October 27, 2025, Vodafone Idea share price opened at ₹9.62 on NSE, near the previous close of ₹9.62. During the day, it surged to ₹10.57 and dipped to ₹9.28. The stock is trading at ₹10.55 as of 12:04 PM. The stock registered a significant gain of 9.67%.

Over the past week, it has moved up by 18.01%, over the past month, it has moved up by 21.54%, and over the past 3 months, it has moved up by 47.97%.

Conclusion

The Supreme Court’s decision to permit a review of Vodafone Idea’s AGR dues represents a crucial turning point for India’s telecom industry. While the final quantum of relief remains uncertain, the move has injected optimism into the market and could pave the way for a more sustainable telecom landscape in the years ahead.

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