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No relief to Vodafone Idea, Govt’s one decision and share fell by…, who holds majority stake in company now?
24htopnews | August 26, 2025 6:06 PM CST

Investors had hoped for relief measures like two-year moratorium lower installments or waiver of penalties. But the government stated that substantial support has already been given including the conversion of debt into equity and that no additional relief is being considered at the moment.  Why Are Vodafone Idea Share Falling? This affected investors’ expectations triggering massive profit-booking. As a result Vodafone Idea’s stock fell by as much as 9%.On the morning of August 26 Vodafone Idea shares saw a steep decline plunging nearly 9% in early trade.  The telecom department is not contemplating providing any relief to Vodafone Idea with regard to adjusted gross revenue Minister of State for Communications Chandra Sekhar Pemmasani said on Monday. We have recently converted a lot of their debt into equity. The government has done whatever we thought we could do. At this time we do not have any discussion or plan to change anything other than what we have done Pemmasani said.  Who Holds Major Stake In Vodafone Idea? The government has become the single largest shareholder in Vodafone Idea after acquiring shares worth Rs 36950 crore in lieu of outstanding spectrum auction dues in March.  Earlier the government had acquired around 33 per cent stake in 2023 in lieu of statutory dues worth over Rs 16000 crore. The companys AGR liability at the end of the June 2025 quarter stood at around Rs 75000 crore. Vodafone Idea along with other players like Bharti Airtel BSNL MTNL etc. had contested claims of the Department of Telecom on the definition of AGR. After several years of litigation the Supreme Court in October 2019 ruled in favour of the DoT and asked the telcos to clear the entire dues as claimed by the government. The company needs to pay AGR liability in six equal instalments post the moratorium period starting from March 31 2026. (With Inputs From PTI)


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