The Exchange has sought clarification from Vodafone Idea Limited with respect to recent news item captioned Vodafone Idea AGR dues of ₹87,695 crore frozen by cabinet; Stock gives up gains. The response from the Company is awaited.
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Awaiting price reaction for this filing.
The stock exchange has asked Vodafone Idea to clarify a recent news report that the Union Cabinet has frozen the company's Adjusted Gross Revenue (AGR) dues of ₹87,695 crore. The company has not yet responded to the exchange's query. After the news came out, the stock initially rose but then gave back those gains. Investors are waiting to hear what the company says officially about whether the cabinet has actually frozen its AGR liability and what that means for its outstanding payments to the government.
This is not a company announcement — it's just the exchange asking for clarity on a media report. The stock may stay volatile until Vodafone Idea confirms or denies the cabinet's reported decision on AGR dues, which is a major overhang on the company.