Tue Jan 21 08:08:49 UTC 2025: ## Vodafone Idea Shares Plummet After Government Waiver Rumor Debunked

**Mumbai, January 20, 2025** – Vodafone Idea’s share price experienced a dramatic reversal today, falling over 5% in morning trading after the company denied receiving any official communication regarding a rumored government waiver of its ₹1 lakh crore Adjusted Gross Revenue (AGR) dues.

The telecom giant’s stock had surged nearly 10% on Monday following media reports suggesting the government was considering such a waiver. However, the company issued a clarification on Tuesday, stating that it had “not received any communication from the Government” regarding the matter. This clarification triggered the sharp sell-off, with the share price dropping from an opening of ₹9.94 to a low of ₹9.42.

While the stock closed Monday with gains of over 9%, the rapid price fluctuation highlights the market’s sensitivity to speculation surrounding the AGR dues. The five-day surge, culminating in a 12.22% increase, was quickly erased by the clarification. Despite recent gains, Vodafone Idea’s stock remains significantly down 40.47% over the past six months and 34.31% over the past year. The company’s market capitalization currently stands at ₹66.06 crore.

The broader market also experienced a downturn today, with the NIFTY 50 index falling 2.39%. This decline, coupled with Vodafone Idea’s news, contributed to a negative sentiment across the Indian stock market. The information about President Trump and the WHO is irrelevant to this story and has been omitted.

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