Vodafone Idea, Indus Towers Shares Surge on Settlement and AGR Dues Approval
2 hours agoBusiness
24LENS
1 Sources
TBNthebalanced.news
Vodafone Idea, Indus Towers Shares Surge on Settlement and AGR Dues Approval

Vodafone Idea (Vi) and Indus Towers shares saw significant gains, with Vi rising nearly 10% and Indus Towers hitting a 52-week high. Vi's rally follows an agreement with Vodafone Group to receive approximately ₹5,836 crore from settled contingent liabilities related to a past merger. This settlement includes cash payments and the sale of Vi shares for the company's benefit. The Union Cabinet also reportedly approved freezing Vi's AGR dues at ₹87,695 crore, with deferred repayment starting in FY32.

Political Bias
33%34%33%
Sentiment
45%