Voda Idea stock up 9%; not opposing AGR plea, says Centre to Supreme Court

Vodafone Idea stock was trading at ₹8.34, up around 6.4 per cent against the previous session's close of ₹7.84 on the NSE

Vodafone Idea share price: Shares of country's third largest telecom operator Vodafone Idea jumped 10 per cent to hit an intraday high of ₹8.62 on September 19 after the Centre government told the Supreme Court that it is not opposing the company's plea against additional AGR dues.

 

At 12:40 PM, the Vodafone Idea stock was trading at ₹8.62, up around 8.6 per cent against the previous session's close of ₹7.84 on the NSE. In comparison, the benchmark NSE Nifty50 was quoting at 25,293 levels, up by 130.35 points or 0.51 per cent. The stock has recovered nearly 31 per cent from its 52-week low of ₹6.12 touched on August 14, 2025. The company's total market capitalisation stood at ₹92,741 crore.

 

Representing the Union Government, Solicitor General Tushar Mehta informed the bench that the government now holds a substantial stake in Vodafone Idea, and therefore, a solution must be found in the interest of consumers. He sought the court to list the matter for urgent hearing next Friday to move toward a resolution.

 

"Not opposing Vodafone Idea plea, some solution is required, government is also an equity holder. Some solution may be required, subject to Supreme Court approval," Centre told the Supreme Court, reported CNBC-TV18. 

 

The apex court will next hear the matter on government's additional AGR demand on September 26, 2025. 

 

A bench led by Chief Justice BR Gavai, along with Justices K Vinod Chandran and NV Anjaria, heard the plea from Senior Advocate Mukul Rohatgi on behalf of the telecom company and Solicitor General Tushar Mehta, represented the government.

 

The dispute dates back to the Supreme Court’s March 18, 2020 order finalising Vodafone Idea’s AGR dues up to 2016-17, based on calculations by the Department of Telecommunications (DoT), and barring any self-assessment or reassessment of dues. 

 

Despite this, Dot has now demanded additional payment for FY18 and FY19. In its petition, dated September 8, 2025, VI argued that majority of the new demand is related to period already settled by Supreme Court.