Vodafone Idea shares fall sharply, losing 15% in 30 minutes; did the government not provide the desired relief on AGR dues?:

News Topical, Digital Desk : The central government has granted significant relief to Vodafone Idea, which is facing a debt crisis due to AGR dues. However, the telecom company's shares fell by 15% following this. Earlier this morning, the company's shares were trading with a 3% gain. However, around 2 pm, sources reported that the Union Cabinet had approved a relief package for Vodafone Idea regarding AGR dues, and the decline in the shares deepened.

What did Vodafone Idea get in the relief package?

According to media reports, the Union Cabinet approved an AGR-related relief package for telecom company Vodafone Idea on December 31. However, no further details were provided after the cabinet meeting.

It is reported that this relief package includes a five-year moratorium on the company's AGR dues. Furthermore, the government has decided to freeze the company's existing outstanding debt. Jagran Business could not independently confirm this report on the relief package.