Vodafone Idea Share Price Update
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Stock Performance:
Shares of Vodafone Idea fell over 5% in intraday trading on Thursday. -
Reason for Decline:
The drop came amid investor concerns that the Supreme Court’s order offers only partial relief to the telecom operator. -
Supreme Court Order Details:
The Court clarified that the claim is restricted to additional adjusted gross revenue (AGR) demand raised up to FY 2016–17. -
Analysts’ View:
As per reports citing analysts, any relief provided will likely be limited to the new AGR demand amounting to ₹9,450 crore.
Supreme Court On Vodafone Idea Case
The Supreme Court’s written order on Vodafone Idea’s AGR case has sparked fresh debate, and some confusion, among investors and analysts alike. The court clarified that the telecom company’s plea and relief are limited strictly to the “additional adjusted gross revenue (AGR) demand” raised up to the financial year 2016–17.
In simpler terms, this means Vodafone Idea won’t be getting a blanket waiver on its massive dues. Instead, the potential relief applies only to the new AGR demand, which analysts estimate to be around ₹9,450 crore.
The court’s order explicitly states:
“It is further to be noted that the prayer in the petition itself restricts its claim only to the additional AGR demand raised by the respondent for the period up to the Financial Year 2016–17.”
So, while the headlines hinted at “relief,” the fine print shows it’s more of a partial breather than a full rescue act.
SC Relief Rings Only For Vodafone Idea, Airtel Left Out Of The Call
The Supreme Court’s latest order may have given Vodafone Idea a small sigh of relief, but it left Bharti Airtel, and its investors, a bit deflated. The apex court made it crystal clear that the judgment applies only to Vodafone Idea, and not to any other telecom operator. Translation? No free passes for Airtel or anyone else in the AGR club.
In its order, the court stated:
“We further clarify that this order is passed only with regard to the petitioner, Vodafone Idea Ltd., taking into consideration the peculiar facts and circumstances of the case as put up by the Union of India.”
That line alone sent ripples through the market, as Airtel’s shares slipped nearly 1.5% in today’s trade. While Vodafone Idea got a narrow window of relief, Airtel’s investors were left wondering, is selective justice the new trend in telecom courtrooms?
Vodafone Idea’s Financial Headache Just Got Bigger
- Vodafone Idea is back in the headlines, and not for happy reasons.
- The telecom giant is struggling under a massive financial burden.
- It owes around ₹83,400 crore in AGR dues and nearly ₹2 trillion in total government liabilities.
- The company has warned that such a heavy debt load threatens its survival and the livelihoods of 18,000 employees.
- Vodafone Idea serves nearly 198 million subscribers across India, but financial stress continues to mount.
- The situation has become a battle between staying afloat and sinking under pressure.
- For now, it’s a waiting game, can Vodafone Idea find relief before the dues drown it completely?
Vodafone Idea vs. DoT: The AGR Battle Rages On
Vodafone Idea is not giving up without trying. The firm has appealed to the Department of Telecommunications (DoT) in court, challenging a new ₹9,450 crore AGR demand for the years up to FY19. Among this, ₹2,774 crore is associated with post-merger dues, and ₹6,675 crore is linked to the old Vodafone entities. VI contends that roughly ₹5,606 crore of this- up to FY17, had already been crystallised by the Supreme Court; that is, the case was closed. The telco has also requested in an amended plea that the penalties and interest be waived since some parts of the new demand remain unresolved or are still being challenged.
Takeaway: The relief may be trickling in, but for Vodafone Idea, the storm has not subsided yet- the company is just getting used to the idea of dancing in the rain.
(With Inputs)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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