Shares of Vodafone Idea were trading 1% higher on Friday, reflecting positive investor sentiment after reports that a government-appointed committee has broadly worked out a reduction of around ₹27,000 crore in the company’s adjusted gross revenue (AGR) liabilities. The telecom operator’s stock was trading at ₹10.31 on the NSE, up ₹0.09 or 0.88%, compared with its previous close of ₹10.22. The gains came as investors reacted to the potential financial relief that could ease the company’s long-standing regulatory burden. According to officials familiar with the matter, the committee reviewing the AGR dues has reassessed the liabilities based on reports submitted by field officers of the Department of Telecommunications (DoT). The review process has broadly identified a possible reduction of nearly ₹27,000 crore from the total dues owed by Vodafone Idea. The reassessment will now move to the next stage, where authorities will determine the detailed breakup between licence fees and spectrum usage charges (SUC) within the revised liability amount. If finalised, the reduction could significantly improve Vodafone Idea’s financial position, as AGR dues have been one of the biggest challenges for the telecom operator in recent years.
Market participants see the development as a potential relief for the debt-laden telecom firm, which has been working to strengthen its balance sheet and secure funding for network expansion and operations.Investors will now closely watch the final outcome of the review process and the government’s decision on the revised dues structure, which could play a crucial role in shaping Vodafone Idea’s financial outlook going forward.The committee’s current reassessment therefore represents a partial correction of the original calculations.
If the reduction of about Rs 27,000 crore were applied to the DoT’s original demand of Rs 53,039 crore, which was endorsed by Supreme Court, the revised amount would fall to Rs 26,039 crore.In percentage terms, a reduction of Rs 27,000 crore from Rs 53,039 crore works out to about 50.9%. This means the revised dues would represent roughly 49.1% of the original amount. In value terms, the remaining liability would be Rs 26,039 crore.In simple terms, the “amount remaining” refers to the portion of the original dues that would still be payable after the reduction.
With a Rs 27,000 crore cut from Rs 53,039 crore, the balance payable would be Rs 26,039 crore, or about 49.1% of the original liability.This would mean dues falling to Rs 26,039 crore after a Rs 27,000 crore reduction, representing a decline of about 51% from the original amount. The final outcome of the committee’s exercise will determine Vodafone Idea’s eventual AGR liability. Vodafone Idea stock has been a standout performer over the past six months. Vodafone Idea shares have surged ₹3.36, or 50.83%, during this period, reflecting improved investor optimism around the company’s fundraising plans, government support measures, and hopes of gradual operational recovery.