The shares of Vodafone Idea rose to Rs 11.99 apiece, extending gains for the second consecutive session. The stock has risen over 49% in 2025 so far. Vodafone Idea Telecom Infrastructure Limited (VITIL), a subsidiary of the company, successfully raised Rs 3,300 crore through the issuance of unlisted, unrated, secured Non-Convertible Debentures (NCDs). The fundraise saw strong interest exceeding the NCD issuance, from a diversified group of marquee investors, including large Non-Banking Financial Companies (NBFCs), Foreign Portfolio Investors (FPIs), and Alternative Investment Funds (AIFs).
The government is likely to consider a partial waiver of interest, penalties, and interest on penalties that make up the majority of Vodafone Idea's adjusted gross revenue (AGR) dues. The relief package could be announced by year-end, and it is expected to provide Vodafone Idea with a relief of $8 billion. The company has been struggling with dues, owing about Rs 83,400 crore in adjusted gross revenue (AGR) dues, with annual payments of nearly Rs 18,000 crore scheduled from March 2025.
Remember, this is perspective, not prediction. Do your own research and consider your own risk tolerance before making any investment decisions.
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