The telecom department is not contemplating providing any relief to Vodafone Idea with regard to adjusted gross revenue, Minister of State for Communications Chandra Sekhar Pemmasani said on Monday. "We have recently converted a lot of their debt into equity. The government has done whatever we thought we could do. At this time, we do not have any discussion or plan to change anything other than what we have done," Pemmasani said. The government has become the single largest shareholder in Vodafone Idea after acquiring shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues in March. Earlier, the government had acquired around 33 per cent stake in 2023 in lieu of statutory dues worth over Rs 16,000 crore. Vodafone, in its affidavit before the Supreme Court, had said that it will not be able to survive without government support. The company's AGR liability at the end of the June 2025 quarter stood at around Rs 75,000 crore. Vodafone Idea, along with other player
Voda Idea stock is in demand following reports that DoT has proposed "multiple relief options", including a further two-year pause on paying the statutory dues under moratorium currently to the PMO.
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The telecom major's revenue from operations grew 4.9% year-on-year to ₹11,022.5 crore in Q1FY26, up from ₹10,508.3 crore in Q1FY25