Vodafone Idea share price jumps 10% after AGR relief; Should you buy the telecom stock?
Vodafone Idea share price jumped 10% in early trade on Monday after the company received significant relief on its adjusted gross revenue (AGR) dues. Vodafone Idea shares gained as much as 9.98% to ₹11.24 apiece on the BSE.
The government has reduced Vodafone Idea’s AGR liability by approximately 27%, or ₹23,649 crore, bringing the total dues down to ₹64,046 crore after reassessment.
