Vodafone Idea shares rally over 11% as Supreme Court defers AGR hearing to next week: all you need to know

The telecom company had moved to the Supreme Court seeking reassessment of additional adjusted gross revenue (AGR) dues last week.

According to a news report, the company’s counsels had urged the court for an early hearing of the matter.

In July, Telecom Minister Jyotiraditya Scindia told CNBC TV18 that it does not intend to turn Vodafone Idea into a public sector undertaking.

A report by The Economic Times had suggested that the central government is looking for an investor who will buy a 12-13% stake in Vodafone Idea, investing around $1 billion (₹8,800 crore) to help the telecom firm.

It further stated that promoters Aditya Birla Group (ABG) and the UK’s Vodafone will have the option to dilute their stake, as the government wants to stay invested for some more time.

Vodafone Idea owes nearly ₹83,400 crore in AGR dues, and the annual payments currently stand at ₹18,000 crore, scheduled from March 2026. When combined with interest and penalties, Vodafone Idea’s dues stand at more than ₹2 lakh crore.

As per the report, one of the relief options is an additional two-year pause on paying the statutory dues under moratorium at present. The DoT has proposed to give the company extra time to pay its dues, along with smaller annual payouts and a waiver on penalties and interest penalties on AGR payment, the report said.

At 12:35 PM, Vodafone Idea shares were trading at ₹8.65 apiece on the National Stock Exchange, gaining 10.33%.

For a month’s time, the telecom firm’s shares have zoomed 19%. In the last six months, the stock has climbed over 5%. Since the beginning of the year, it has, however, lost 2.2%.

India's largest IT services company, Tata Consultancy Services (TCS), has been selected by Vodafone Idea to transform its business support system through an AI-driven and future-ready platform.

The five-year engagement will help the telecom service provider unlock new capabilities in customer experience by deploying a platform focused on intelligence, automation, personalisation and accelerated launch of new products and services.

The transformation will be anchored on TCS’ flagship products, TCS HOBS and TCS TwinX.

"TCS HOBS will provide the digital backbone for business support systems, driving agility, stability, and seamless integration across customer touchpoints. TCS TwinX will complement this with AI/ML-powered intelligence and scenario simulation, helping Vodafone Idea to enhance service responsiveness and deliver personalised interactions," the company said in a regulatory filing.