Vodafone Idea shares climb 4% as NSE, BSE seek clarification on AGR relief report

Vodafone Idea Shares Rise 4% on Telecom Minister's Comments

Shares of Vodafone Idea surged 4% in Tuesday's trade after the company received clarification from stock exchanges BSE and NSE on a report suggesting a potential relief on AGR front by the government by the end of the year.

The stock reportedly reacted to comments made by Union Telecom Minister Jyotiraditya Scindia, where he stated that the Centre may finalize the telecom company's AGR relief recommendations in the coming weeks.

• Union Telecom Minister Jyotiraditya Scindia hinted at possible relief for Vodafone Idea on AGR front
• Government is waiting for a formal request from Vodafone Idea before making any recommendations
• Ministry is examining the legal boundaries set by the Supreme Court

During an interview with CNBC-TV18, Minister Scindia mentioned that the Department of Telecommunications (DoT) is awaiting a formal request from Vodafone Idea before proceeding with any relief measures.

"DoT is waiting for a formal request from Vodafone. Govt will make a recommendation after evaluating Vodafone Idea’s proposal," the minister said, adding that the ministry is now examining the legal boundaries set by the court.

"Judgement needs to be evaluated from a point of view of what can be done and what cannot be done. We cannot cross the border of the SC judgement," he said.

Background

To recall, the Supreme Court via its judgement dated October 27, 2025, and November 3, 2025, permitted the Government of India to reconsider and take an appropriate decision with reference to the additional AGR demand as well as to comprehensively reassessing and reconciling all AGR dues, including interest and penalty, up to the Financial Year 2016-17.

Vodafone Idea's Position

Vodafone Idea in its Q2 earnings call had stated that it was in discussion with the DoT for next steps on this matter.

• Vodafone Idea is required to pay a total of Rs 78,500 crore in AGR dues
• Spokesperson of Vodafone Idea expressed hope that the issue will be resolved as soon as possible
• Government owns a 49% stake in Vodafone Idea, which may impact the company's long-term prospects

A spokesperson for Vodafone Idea mentioned that the government has been extremely helpful and they are hopeful that the issue will be resolved as soon as possible.