Vodafone Idea Clarifies No Government Communication on AGR Relief

Vodafone Idea, one of India’s major telecom operators, issued a clarification on Tuesday amid reports suggesting that the government may offer relief regarding its adjusted gross revenue (AGR) dues.

Speculation Drives Market Movement

News reports had claimed that the government was considering extending Vodafone Idea’s AGR repayment period to up to 20 years and switching the interest component from compound to simple interest. Additionally, there was speculation that the telecom operator could be allowed to make nominal annual payments ranging from ₹1,000 to ₹1,500 crore until a long-term resolution is determined. These unconfirmed developments triggered a rally in Vodafone Idea shares on Tuesday.

Company Denies Receiving Any Official Intimation

Responding to the reports, Vodafone Idea stated in a regulatory filing: “We have not received any communication from the Government in relation to the above-reported matter. As and when there is any development which requires disclosure, we will do the needful.” 

As of March 2025, the company’s AGR dues stood at approximately ₹83,400 crore, with about ₹18,000 crore due by the end of FY26. Despite having cash reserves of ₹9,930 crore, analysts remain concerned about its repayment capacity without external support. Earlier this year, the government had converted ₹36,950 crore of the company’s dues into equity, becoming the largest shareholder with a 49% stake.

Read More: Ministry of Defence Acquires Equipment Worth ₹1,981.90 Crore Under Emergency Procurement!

Vi Share Price Performance 

As of June 25, 2025, at 2:47 PM, Vi share price is trading at ₹7.20 per share, reflecting a surge of 4.96%. Over the past month, the stock has gained 3.75%. 

Conclusion

Vodafone Idea has maintained that no official communication has been received. Any potential relief package or restructuring will require formal confirmation before affecting the company’s strategic direction or financial outlook.

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