Vodafone Idea share price: Shares of beleaguered telecom company Vodafone Idea surged 9% in early trade on Friday, January 9, following the release of the timeline to repay its telecom dues.
The company, in an exchange filing today, said that it has received a communication from the Department of Telecommunications (DoT), providing relief in the adjusted gross revenue (AGR) dues matter.
Vodafone Idea share price jumped 8.7% to the day’s high of 12.51 as against the last closing price of 11.50 following this announcement.
Vodafone Idea AGR repayment timeline
Vodafone Idea said that DoT has frozen the company’s AGR dues as of the end of December for a period of six years.
The freeze covers the principal amount, interest, and penalties. As of December-end, Vodafone Idea’s AGR dues stood at Rs 87,695 crore.
Following the freeze, the company’s annual AGR payment obligation over the six-year period from March 2026 to March 2031 will be 744 crore, translating to a maximum of 124 crore per year.
In a stock exchange filing, Vodafone Idea said it will also be required to pay 100 crore annually for four years, from March 2032 to March 2035. “The remaining AGR dues will be paid in equal annual installments over six years, from March 2036 to March 2041,” the company added.
