Vodafone Idea Share Price Dips 3% After Supreme Court, Government Deny AGR Relief
On June 3, 2025, Vodafone Idea share price declined by over 3%, trading around ₹6.80. This downturn follows the Supreme Court’s dismissal of the company’s plea for relief on its Adjusted Gross Revenue (AGR) dues, amounting to approximately ₹30,000 crore. Subsequently, Telecom Minister Jyotiraditya Scindia confirmed that the government would not provide additional relief or convert more debt into equity beyond its existing 49% stake in the company. economictimes.com Despite these setbacks, Vodafone Idea’s CEO, Akshaya Moondra, stated that the company is actively engaging with the government to seek policy-based solutions for its financial challenges. He emphasized that no legal barriers are preventing the government from offering relief, highlighting the need for sustainable pricing models in the telecom sector. moneycontrol.com Brokerage firms have varied outlooks on Vodafone Idea Share Price: economictimes UBS: “Buy” rating with a target price of ₹12.10. Nuvama: “Hold” rating, target price reduced to ₹7.50. Macquarie & …