Overview
- Minister of State for Communications Chandra Sekhar Pemmasani said the telecom department is not considering additional AGR concessions, noting the state has already converted dues into equity and is now the largest shareholder.
- Vodafone Idea’s stock fell 6–11% in intraday trade on Tuesday after the remarks, reversing gains from the previous sessions.
- Responding to exchange queries, the company said it has not received any communication from the government about further relief and would disclose any material updates as required.
- Reports say Vodafone Idea is in advanced talks to raise about Rs 5,000 crore via its infrastructure subsidiary, with JM Financial advising, and a deal expected to be finalised in the next couple of weeks.
- The carrier’s AGR liability was about Rs 75,000 crore at end-June 2025, with repayments scheduled in six equal instalments starting March 31, 2026, underscoring the urgency of new funding.