India's Vodafone Idea jumps on report of likely AGR penalty waiver

Indus Towers

20/01/2025 08:35

Jan 20 (Reuters) - 
  
    ** Shares of telecom operator Vodafone Idea  VODA.NS  jumps
10% to 3-month high of 10.53 rupees apiece
    ** Government considering industry's demand to waive penalty
and interest component of Adjusted Gross Revenue (AGR), reports
CNBC-TV18
    ** VODA's AGR dues reportedly worth 800 bln rupees ($9.25
bln)
    ** Trading vol of over 970 mln shares is 2x the 3-month
daily avg
    ** Shares of Indus Towers  INUS.NS , which has trade
receivables against VODA, is up around 4%    

    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    


($1 = 86.5190 Indian rupees)

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))