Vodafone Idea Share Price Surges 7% As Brokerages Turn Bullish On AGR Relief: Should You Buy?

Vodafone Idea Gets AGR Relief, Plans ₹25,000 Cr Funding

India's third-largest telecom operator is knocking on the doors of its biggest lender. Vodafone Idea has opened formal discussions with the State Bank of India regarding a ₹25,000 crore funding round for Vodafone Idea. The timing is deliberate. It follows the Indian government's decision to grant Vodafone Idea AGR relief on long-pending adjusted gross revenue dues. Two senior banking sources confirmed the talks are active. A final decision from …

Vodafone Idea Path to Funding Likely Clears: Citi Research

Vodafone Idea Limited (VIL) recently communicated that its adjusted gross revenue (AGR) dues have been reduced by the government. The AGR dues have been lowered from Rs 87,695 crore to Rs 64,046 crore by the government after a supreme court (SC) decision. The goverment has not only lowered the AGR dues, but has also given the telco a relief of about 10 years. What this means is that Vodafone Idea will pay the maximum amount of the pending AGR du…

Vodafone Idea Share Price Surges 7% As Brokerages Turn Bullish On AGR Relief: Should You Buy?

Shares of Vodafone Idea surged more than 7% intraday on Monday, May 4, as brokerages turned bullish on the telecom stock after the debt-ridden company received clarity on its long-standing adjusted gross revenue (AGR) dues last week.