Tue Jan 21 10:13:33 UTC 2025: ## Vodafone Idea Shares Plummet After AGR Dues Clarification
**Mumbai, India** – Shares of Vodafone Idea Limited (VIL) experienced a significant drop on the National Stock Exchange (NSE) today, falling 4.23% to ₹9.52 by 11:55 am. This decline followed a clarification issued by the company on January 20th denying any communication from the government regarding a potential waiver of its over ₹1 lakh crore in Adjusted Gross Revenue (AGR) dues.
The clarification directly addressed a January 18th media report speculating that the government was considering a substantial relief package for telecom companies, including the potential write-off of AGR dues. The report had caused a considerable ripple effect in VIL’s share price. AGR dues, stemming from a 2019 Supreme Court ruling that broadened the definition of AGR, have placed a substantial financial strain on Indian telecom operators.
First Piper 