Vodafone Idea shares soar 10% on reports of relief measures, end 7% higher; all you need to know

Shares of Vodafone Idea (Vi) jumped nearly 10% on Friday, August 22, after reports claimed that the Prime Minister's Office (PMO) is planning to take a call on a relief proposal for the telecom major.

The scrip ended 7.18% higher at ₹7.02 per share on the NSE. It had touched an intraday high of ₹7.31 per share on Friday.

The DoT has proposed to give the telecom major extra time to pay its dues, along with smaller annual payouts and a waiver on penalties and interest penalties on AGR payment, the report noted. 

Vodafone Idea owes nearly ₹83,400 crore in adjusted gross revenue (AGR), and the annual payments currently stand at ₹18,000 crore, scheduled from March 2026. The telecom’s overall dues to the government are at around ₹2 trillion, including penalties and interest, the report stated. 

The company has been flagging that it can’t survive without funding support for some time now. A collapse of the Vi, as per experts, could limit India’s telecom sector to just two dominant players, Reliance Jio and Bharti Airtel.

The company has over 18,000 employees and as many as 198 million subscribers.

While banks remain cautious of lending due to financial constraints of the company, Vi is looking at non-bank options to raise funds for its capital expenditure. 

Negotiations with lenders remain stalled due to uncertainty over adjusted gross revenue (AGR) dues, outgoing CEO Akshaya Moondra said during the June quarter earnings call on August 18. 

Vodafone Idea shares

At 2:13 pm, shares of Vodafone Idea were trading 9.9% up at ₹7.2 apiece on the NSE. The market capitalisation of Vodafone Idea stands at ₹77,790.30 crore.

The scrip closed 7.18% up at ₹7.02 apiece on the NSE on Friday.

The stock hit its 52-week high of ₹16.55 on August 29, 2024, while it was at its yearly low of ₹6.12 on August 14, 2025.

In the last five days, the stock has zoomed over 13.5%. Over the past month, however, it has declined by 2.3%.

Further, Vi shares have dropped over 9% in the last six months. Year-to-date, the stock has slipped 10.1%.