Overview
- The Union Cabinet approved freezing Vodafone Idea’s adjusted gross revenue dues at ₹87,695 crore, with instalments scheduled from FY2031–32 through FY2040–41.
- The Department of Telecommunications will reassess the frozen amount under Deduction Verification Guidelines, and a government-appointed committee’s decision will be binding.
- Liabilities for FY2018 and FY2019 remain unchanged and are to be paid between FY2026–27 and FY2030–31 as earlier set by the Supreme Court order.
- Shares fell as much as about 15% intraday after initial gains and ended roughly 11% lower as investors, who had expected a partial waiver, reacted to the moratorium-only relief.
- Vodafone Idea said it has not received formal government communication, while separately securing a revised promoter arrangement to provide about ₹5,836 crore in near-term funding.