Vodafone Idea share price jumps over 8% on reports of govt weighing AGR relief to aid UK ties

Vodafone Idea share price jumped over 8% on Tuesday after reports said the Central government may offer a one-time settlement for the telecom company’s long-pending dues worth billions of dollars. Vodafone Idea shares rallied as much as 8.61% to ₹9.20 apiece on the BSE.

According to a Bloomberg report, the government is considering waiving off interest and penalties and giving partial relief on the main amount of the nearly ₹2 lakh crore ($22.5 billion) demand.