Overview
- India’s top court clarified the Centre may comprehensively reassess and reconcile Vodafone Idea’s AGR dues up to FY2016‑17 under the 2020 Deduction Verification Guidelines, resolving confusion from an October 27 order.
- Relief is limited to Vodafone Idea, with the bench noting the government’s sizable equity stake and public-interest considerations; the written order is expected to be uploaded, after which Vi plans to make a representation.
- Vodafone Idea shares rallied intraday by as much as 14% before closing about 9% higher as investors priced in the prospect of a larger reassessment of liabilities.
- Multiple reports say Tillman Global Holdings is in advanced talks on a $4–6 billion investment that would give it operational and promoter control, contingent on a comprehensive government relief and restructuring package rather than an outright waiver.
- Vodafone Idea told exchanges there is no TGH proposal before its board, even as it explores funding options; the carrier faces AGR dues near ₹83,400 crore and total government-related liabilities approaching ₹2 trillion with heavy payments due from March 2026.