Vodafone Idea’s share price jumped in the first trading session of the new year. On Thursday, shares of the telecom operator rose 5.20% to ₹11.32 after the company announced that its promoter group would invest ₹5,836 crore.
According to the company's announcement, its promoter company will invest ₹2,307 crore over the next 12 months, while the remaining amount will be raised through a share-based mechanism. Following this announcement, the company’s stock saw a sharp surge.
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In another major development, the central cabinet took a key decision regarding Vodafone Idea’s outstanding AGR (Adjusted Gross Revenue) dues on December 31. The company’s outstanding AGR liability of approximately ₹87,695 crore has been approved to be frozen for now, with the payment timeline rescheduled. As per the decision, the amount will be paid in instalments between the financial years 2031–32 and 2040–41. Additionally, the AGR dues for the financial years 2017–18 and 2018–19 have been allowed to be cleared over the next five years.
In the telecom sector, AGR serves as the benchmark for calculating licence fees and spectrum usage charges.
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Despite ongoing investor concerns over Vodafone Idea’s business outlook, the stock has delivered a positive performance over the past year. The share price has risen by more than 13% in the last month, gained around 50% over the past six months, and increased by nearly 40% over the past year.
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