{"id":22550,"date":"2025-11-01T20:24:10","date_gmt":"2025-11-01T20:24:10","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/11\/01\/vodafone-idea-shares-sink-12-as-supreme-courts-agr-order-fine-print-sparks-fresh-concerns-markets-news\/"},"modified":"2025-11-01T20:24:10","modified_gmt":"2025-11-01T20:24:10","slug":"vodafone-idea-shares-sink-12-as-supreme-courts-agr-order-fine-print-sparks-fresh-concerns-markets-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/11\/01\/vodafone-idea-shares-sink-12-as-supreme-courts-agr-order-fine-print-sparks-fresh-concerns-markets-news\/","title":{"rendered":"Vodafone Idea Shares Sink 12% As Supreme Court\u2019s AGR Order Fine Print Sparks Fresh Concerns | Markets News"},"content":{"rendered":"


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Last Updated:<\/span>

Shares of debt-laden telecom operator Vodafone Idea tumbled over 5% in intraday trade on Thursday<\/h2>\n
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Vodafone Idea Shares<\/p>\n<\/figure>\n<\/div>\n

Vodafone Idea Share Price: <\/strong>Shares of debt-laden telecom operator Vodafone Idea slumped 12% in intraday trade on Thursday, October 30, amid worries that the Supreme Court\u2019s order provides only partial relief to the company.<\/p>\n

The stock fell to an intraday low of Rs 8.21 on the BSE, compared with its previous close of Rs 9.37.<\/p>\n

According to the Supreme Court\u2019s written order, the claim is restricted solely to the additional adjusted gross revenue (AGR) demand raised for the period up to the financial year 2016-17. As per media reports citing analysts, any relief, if granted, will apply only to the new AGR demand of Rs 9,450 crore.<\/p>\n

\u201cIt is further to be noted that the prayer in the petition itself restricts its claim only to the additional AGR demand raised by the respondent for the period up to the Financial Year 2016-17,” the Supreme Court order stated.<\/p>\n

The apex court further clarified that the ruling applies only to Vodafone Idea, impacting rival Bharti Airtel as well, whose shares slipped nearly 1.5% in today\u2019s trade.<\/p>\n

\u201cWe further clarify that this order is passed only with regard to the petitioner\u2014Vodafone Idea Ltd., taking into consideration the peculiar facts and circumstances of the case as put up by the Union of India,” the Supreme Court said in its order.<\/p>\n

Vodafone Idea, which is saddled with Rs 83,400 crore in AGR dues and total government liabilities of nearly Rs 2 trillion, has repeatedly warned that such heavy obligations threaten its viability and the livelihoods of its workforce.<\/p>\n

The operator employs over 18,000 people and serves around 198 million subscribers across India.<\/p>\n

Brokerage Emkay Global noted that even excluding AGR dues, Vodafone Idea\u2019s debt of approximately Rs 1.18 trillion (primarily spectrum-related) is elevated relative to its current EBITDA (Rs 92 billion in FY25, excluding IndAS-116 impact).<\/p>\n

Therefore, Emkay expects the Government of India to adopt a holistic view on Vodafone Idea\u2019s solvency and design support accordingly. While the Supreme Court\u2019s permission improves the company\u2019s revival prospects, the brokerage cited high leverage, steep valuations, and uncertainty over the government\u2019s stance on spectrum debt, reiterating its \u2018SELL\u2018<\/strong> rating on Vodafone Idea with a target price of Rs 6.<\/p>\n

Vodafone Idea Case<\/h3>\n

In its petition filed on September 8, Vodafone Idea challenged the Department of Telecommunications\u2019 (DoT) fresh Rs 9,450 crore demand for the period up to 2018-19. This included Rs 2,774 crore attributed to Vodafone Idea (post-merger) and Rs 6,675 crore linked to former Vodafone Group entities.<\/p>\n

The company argued that out of the total Rs 9,450 crore demand, about Rs 5,606 crore (as of March 31, 2025) pertains to the period up to 2016-17, which had already been \u201ccrystallised” by the Supreme Court.<\/p>\n

In an amended petition, the operator also sought a waiver of penalties and interest on the AGR dues, stating that several components of the demand remain disputed or unresolved.<\/p>\n

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\"Aparna<\/figure>\n

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Aparna Deb<\/a><\/p>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Follow News18 on Google<\/a>. Join the fun, play QIK games on News18<\/a>. Stay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the\u00a0News18 App<\/a> to stay updated.<\/span><\/div>\n
First Published:<\/span><\/p>\n
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October 30, 2025, 11:23 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> markets<\/a> Vodafone Idea Shares Sink 12% As Supreme Court\u2019s AGR Order Fine Print Sparks Fresh Concerns<\/span><\/div>\n
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Last Updated:October 30, 2025, 12:03 IST Shares of debt-laden telecom operator Vodafone Idea tumbled over 5% in intraday trade on Thursday Vodafone Idea Shares Vodafone Idea Share Price: Shares of debt-laden telecom operator Vodafone Idea slumped 12% in intraday trade on Thursday, October 30, amid worries that the Supreme Court\u2019s order provides only partial relief…<\/p>\n","protected":false},"author":1,"featured_media":627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-22550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/22550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=22550"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/22550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/627"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=22550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=22550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=22550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}