Vodafone Idea gains 30% in weak market after promising 'new beginning'

According to Business Standard report the Department of Telecommunications indicated that the company was "positive" about India and that it wanted to make a ''new and good beginning'' in the country.

Shares of Vodafone Idea were up 30 per cent at Rs 4.30 on the BSE on Monday, in intra-day trade on back of heavy volumes.

Shares gained after the Department of Telecommunications (DoT) indicated that the company was “positive” about India and that it wanted to make a ‘’new and good beginning’’ in the country, according to a Business Standard report.

The company on Friday announced that it had completed assessing its dues linked to adjusted gross revenue (AGR). At Rs 21,533 crore, Vodafone Idea’s calculation of the AGR liability turned out to be less than half of the