Vodafone Idea Share Price Jumps Nearly 8% as Supreme Court Sets AGR Dues Hearing for October 13

Shares of telecom major Vodafone Idea soared nearly 8% on Tuesday, rallying sharply after the Supreme Court set next date to hear the company's crucial plea seeking a waiver of interest, penalties and interest on penalties linked to its long-standing adjusted gross revenue (AGR) dues.

Vodafone Ideas AGR Due Case Next Hearing in Supreme Court Hearing on October 13, 2025

The Supreme Court on Monday said it will hear Vodafone Idea's plea on October 13, in which the telecom operator is seeking a waiver of interest, penalties and interest on penalties related to its AGR dues. The dues have been demanded by the Department of Telecommunications (DoT).

Vodafone Idea, in its application, has requested permission to amend its earlier petition, which originally sought the quashing of DoT's additional AGR demand amounting to Rs 9,450 crore up to the financial year 2018-19. In the amended plea, the company is now asking for exemption from paying the interest, penalties, and interest on penalties levied on the principal AGR dues.

The telecom firm stated that the imposition of penalties was unjustified, arguing that the non-payment of AGR dues was a bona fide issue. Vi has contended that its actions were not deliberate and that the demand for additional charges should be reconsidered.

Vodafone Idea Share Price Today After Supreme Court Hearing

Shares of Vodafone Idea Ltd witnessed a strong surge in intraday trade on October 7, rising 7.67% to touch Rs 9.12 as of 1:07 PM. The stock opened at Rs 8.54, slightly above its previous close and went on to hit an intraday high of Rs 9.20, while the day's low stood at Rs 8.40.

With this upward move, the stock continues to stay closer to its 52-week high of Rs 10.47, though still well above its 52-week low of Rs 6.12.

Government May Offer One-Time AGR Settlement to Vodafone Idea

Earlier in the day, Bloomberg reported, citing sources familiar with the matter, that the Indian government is considering a one-time settlement offer to Vodafone Idea. The proposed move could include a waiver of interest and penalties, and potentially a concession on the principal amount owed.

This initiative is reportedly part of the government's broader effort to resolve the long-standing financial dispute, which amounts to nearly Rs 2 trillion (approximately $22.5 billion), and to strengthen economic ties with the United Kingdom.

Reports also indicated that officials are in the process of drafting a settlement framework. They are also examining possible legal safeguards to prevent similar demands from other telecom operators turning into fresh legal challenges.

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