Overview

• Minister of State for Communications Chandra Sekhar Pemmasani said no additional adjusted gross revenue concessions are being considered for Vodafone Idea, noting prior conversions of dues into government equity including Rs 36,950 crore in March.
• Vodafone Idea shares fell sharply in Tuesday trade, dropping roughly 6–11% intraday to around Rs 6.6–6.9 on the BSE and NSE after the remarks.
• The company told stock exchanges it has not received any communication from the government on relief and said it will disclose any material developments as required.
• Reports say Vodafone Idea is in advanced talks to raise about Rs 5,000 crore in debt via its infrastructure subsidiary, with JM Financial advising, and that a deal could close within weeks.
• The telco’s AGR liability stood at about Rs 75,000 crore as of June, with repayments scheduled in six equal instalments beginning March 31, 2026, reinforcing the urgency around near-term financing.