India's Vodafone Idea drops after reported moratorium on dues; more relief was expected

Vodafone Idea

31/12/2025 09:48

** Shares of Vodafone Idea VODA.NS fall as much as 15%, hitting their lowest level in three weeks

** India has granted a five-year moratorium on adjusted gross revenue dues owed by Vodafone Idea, Reuters reports citing a government source

** "The 5-year moratorium gives the company recovery time. The street anticipated a waiver of some sort, but that has not happened," said Vinit Bolinjkar, head of research at Ventura Securities

** VODA was up 6% earlier in the day

** Trading vols at more than 3.5x their 30-day avg

** Voda shares last down 10%, trimming YTD gains to 37%

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))