Vodafone Idea share price crashes 15%, hits lower circuit as govt relief on AGR dues likely below expectations

Vodafone Idea’s share price crashed as much as 15% in intraday trade to hit its lower circuit in intraday trade on the BSE on Wednesday, 31 December, after reports suggested the government was planning to freeze AGR (Adjusted Gross Revenue) dues at ₹87,695 crore. Vodafone Idea shares opened at ₹12.14 against their previous close of ₹12.07 and crashed 15% to their lower price band of ₹10.26.

The stock saw a sudden sharp decline after media reports suggested the Union Cabinet on Wednesday froze the AGR dues at ₹87,695 crore.