Vodafone Idea shares hit 52-week high as firm to consider fundraising; Q4 earnings date in focus

Vodafone Idea (Vi) shares surged 8% to hit their 52-week high of ₹12.84 apiece on Wednesday, May 13, after the telecom firm said its board of directors will meet this week to consider fundraising.

The company, in a statement, said that its board will consider and evaluate a proposal to raise funds through the issuance of equity shares and/or warrants on a preferential basis, subject to necessary approvals, including that of the company’s shareholders.

Further along the fundraising plans, the board of directors will also consider approval of the standalone and consolidated audited financial results of Vodafone Idea for the quarter and the financial year ended March 31, 2026.

This month, in major relief, the government has slashed the adjusted gross revenue (AGR) liability of Vodafone Idea by about 27% to ₹64,046 crore after reassessing statutory dues and has allowed a five-year moratorium on these payments.

The Department of Telecom (DoT) had formed a committee to reassess the adjusted gross revenue (AGR), which was fixed at ₹87,695 crore as of December 31, 2025. The final amount, however, was subject to reassessment by the DoT and final approval by the committee.

AGR dues updates

The debt-ridden company has to settle final dues in two instalments, spread over ten years, with the first payment due after five years. It will need to pay a minimum of ₹100 crore annually over four years, from FY 2031-32 to FY 2034-35, and the remaining amount in six equal annual instalments from FY 2035-36 to FY 2040-41.

Vodafone Idea, however, has to make an annual payment of ₹124 crore towards AGR dues pertaining to FY2018 and FY2019 from March 2026 to March 2031. These dues were not part of the reassessment.

Following reassessment, Vi has to pay a minimum of ₹100 annually over four years between March 2032 and March 2035. The remaining AGR dues have to be paid in equal instalments annually over six years, i.e., between March '36 and March '41, which will be ₹10,608 crore annually.

Vodafone Idea share price

At 11:51 AM, shares of Vodafone Idea were trading at ₹12.75 apiece on the National Stock Exchange, surging 7.23%.

Shares of the firm have gained 38% over a month, while they have zoomed 22% in the past six months. From the beginning of the year, shares of Vodafone Idea have soared 10%.

The company has a total market capitalisation of ₹1.38 lakh crore, according to data from the NSE.