Vodafone Idea’s share price crashed as much as 15% in intraday trade to hit its lower circuit in intraday trade on the BSE on Wednesday, 31 December, after reports suggested the government was planning to freeze AGR (Adjusted Gross Revenue) dues at ₹87,695 crore. Vodafone Idea shares opened at ₹12.14 against their previous close of ₹12.07 and crashed 15% to their lower price band of ₹10.26.
The stock saw a sudden sharp decline after media reports suggested the Union Cabinet on Wednesday froze the AGR dues at ₹87,695 crore.
“The Union Cabinet on Wednesday approved a relief package for debt-laden Vodafone Idea, freezing the AGR (Adjusted Gross Revenue) dues at ₹87,695 crore and rescheduling the payment from FY32 to FY41,” PTI reported, quoting sources.
As Mint reported earlier, in October, the Supreme Court allowed the government to reassess Vodafone Idea’s adjusted gross revenue (AGR) dues stood at ₹83,400 crore as of the end of March 2025.
(This is a developing story. Please check back for fresh updates.)
