Vodafone Idea shares rally over 10% in 2 days amid AGR relief buzz

Shares of Vodafone Idea extended their rebound on Monday, rising as much as 2.3% to ₹7.23 on BSE after an 8% surge on Friday. The two-day rally of 10.2% follows reports that the Prime Minister’s Office is reviewing a relief package for the debt-laden telecom operator, rekindling hopes of support on its massive adjusted gross revenue (AGR) dues.

On Friday, Vodafone Idea shares jumped 9.3% intraday to ₹7.17 before closing 7.8% higher at ₹7.07, after reports that the Department of Telecommunications had informally shared proposed bailout measures with the PMO. These include a two-year extension of the moratorium on statutory dues, more repayment flexibility, reduced annual installments, and possible waivers on penalties and interest, according to Moneycontrol.