The share price of Vodafone Idea closed up nearly 10% in today’s trade. According to a Reuters report quoting CNBC-TV18, the Supreme Court has clarified that it is free to consider relief on both the additional and reassessment of all AGR dues.
This came after the telecom operator moved the court earlier today to highlight the Supreme Court’s order, stating that it had sought relief only against the additional AGR dues, reported Reuters, quoting CNBC-TV18.
It is important to note that Vodafone Idea’s additional AGR dues amount to Rs 9,450 crore, while its total AGR demand stands at over Rs 83,500 crore as of March 2025.
Last week, the Supreme Court said the government was free to reconsider Vodafone Idea’s AGR dues, causing uncertainty over whether the observation applied only to the firm’s additional AGR dues or the entire amount owed.
The telecom operator moved the court earlier today, highlighting the Supreme Court’s order, stating that it had sought relief for both dues, reported CNBC-TV18.
It is important to note that Vodafone Idea’s additional AGR dues amount to Rs 9,450 crore, while its total AGR demand stands at over Rs 83,500 crore as of March 2025.
Emkay on Vodafone Idea debt
Earlier, in a report dated October 27, domestic brokerage house Emkay highlighted that “Rs 0.76 trillion of Vodafone Idea’s total debt of Rs 1.96 trillion pertains to AGR liabilities. Even excluding AGR dues, VI’s debt of Rs1.18 trillion (largely pertaining to spectrum payment) is high.”
They expect the Govt to take a holistic view on the solvency of the company and, accordingly, structure the relief.
Exchanges seek clarification over the $6 billion investment report
In another unrelated development, Vodafone Idea on Monday informed in a regulatory filing that the Exchange has sought clarification about media report that US private equity firm Tillman Global Holdings (TGH) is in negotiations to invest $4 billion-6 billion in Vodafone Idea and take operational control.
The most recent Reuters report outlined that according to the ET report, the investment is likely to materialise only if the government extends a comprehensive relief package addressing all of Vi’s liabilities, including those related to adjusted gross revenue (AGR) and spectrum payments.