Tue Jan 21 11:54:52 UTC 2025: ## Vodafone Idea Shares Plummet After AGR Dues Waiver Rumor Debunked

**Mumbai, January 22, 2025** – Vodafone Idea’s share price experienced a sharp decline of over 4% on Tuesday, following a clarification issued by the company regarding a reported government waiver of Adjusted Gross Revenue (AGR) dues. The stock, which opened nearly flat, fell to an intraday low of ₹9.51 after initially surging 9% on Monday based on news suggesting the government was considering a significant AGR dues waiver for telecom companies.

Vodafone Idea explicitly stated that it had received no communication from the government concerning such a waiver. This clarification, issued on Monday after market hours in response to an exchange query, directly contradicted earlier reports. The exchange had requested the clarification following a January 18th news article in mainstream media suggesting the government was planning a ₹1 lakh crore AGR dues waiver.

While a recent Trai report indicated a 10.5% year-over-year increase in telecom operators’ gross revenue to ₹91,426 crore in the July-September 2024 quarter, driven largely by tariff hikes, Vodafone Idea’s own AGR rose only marginally by 4.39% to ₹7,836.98 crore.

The market reacted negatively to Vodafone Idea’s denial of the AGR dues waiver, highlighting the sensitivity of the telecom sector to government policy decisions and the potential for significant market volatility based on unsubstantiated reports. Investors are advised to exercise caution and seek professional financial advice before making any investment decisions.

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