By BullScreen Editorial Team 
Shares of Vodafone Idea are likely to remain in focus when markets reopen, after the government reduced the company’s adjusted gross revenue (AGR) dues by nearly 27% to ₹64,046 crore, offering a significant financial breather to the debt-laden telecom operator.
The reassessment was carried out by the Department of Telecommunications, which had earlier pegged Vodafone Idea’s AGR liabilities at ₹87,695 crore as of December 31, 2025. The revised figure comes alongside a five-year moratorium on payments, providing immediate cash flow relief.
Under the new structure, the company will begin repayments after the moratorium period, spreading dues over ten years. Vodafone Idea is required to pay a minimum of ₹100 crore annually between FY32 and FY35, followed by six equal yearly instalments of around ₹10,608 crore from FY36 to FY41. However, separate AGR dues for FY18 and FY19 will continue to be paid at ₹124 crore annually between 2026 and 2031.
The relief package, backed by the Union Cabinet, aims to stabilise the telecom sector while safeguarding government interests, which include a 48.9% stake in the company. The move follows directions from the Supreme Court of India allowing a reassessment of AGR-related liabilities.
Despite the relief, Vodafone Idea’s financial position remains strained, with total debt at ₹2.09 lakh crore and a net loss of ₹17,418 crore reported for the first nine months of FY26. Its net worth stood at negative ₹87,744 crore.
For investors, the reduction in AGR dues and deferred payment timeline improves near-term viability, but long-term recovery will depend on sustained subscriber growth and capital investment in network expansion.