Vodafone Idea share price jumps over 8% on reports of govt weighing AGR relief to aid UK ties
Vodafone Idea share price jumped over 8% on Tuesday after reports said the Central government may offer a one-time settlement for the telecom company’s long-pending dues worth billions of dollars. Vodafone Idea shares rallied as much as 8.61% to ₹9.20 apiece on the BSE.
According to a Bloomberg report, the government is considering waiving off interest and penalties and giving partial relief on the main amount of the nearly ₹2 lakh crore ($22.5 billion) demand. The move is reportedly aimed at resolving the issue and strengthening economic ties with the UK.
The timing of the proposal is also seen as strategic — it comes soon after India and the UK signed a trade pact and just before British Prime Minister Keir Starmer’s visit…
