Vodafone Idea Share Price Live Updates: Stock at Sept 2024 highs, nears FPO price on relief hopes
Published on 27/10/2025 12:05 PM
The stock is now nearing the mark of ₹11 per share.
The level is significant as this is the Follow-On Public Offer (FPO) price, through which the company raised ₹18,000 crore, in 2024.
The stock had not seen those levels since it began correcting from its April 2024 peak.
– Vodafone Idea had filed a plea against additional AGR demand, seeking re-computation of AGR dues
– There is a larger aspect of 20 crore customers
– Union is willing to examine issues raised by Vodafone Idea
– Government is also willing to reconsider the issue and take appropriate action if the court permits
The government was represented by Solicitor General Tushar Mehta, who highlighted that the government is not going in for a recomputation of the AGR dues.
However, he did highlight that the centre is proposing a solution, subject to approval from the court.
There is still no clarity on what the resolution plan will entail.
– There has been a huge change in circumstances with the government now having an equity stake of 49%, with the public interest now in play
– There are 20 crore customers of this company.
– If the company suffers, it will hurt competition and consumers
Shares of Vodafone Idea have surged over 8% now after the Supreme Court hearing, currently trading above the mark of ₹10 per share.
The next important level to watch for the stock is ₹11 per share.
The Supreme Court has provided some major relief for Vodafone Idea as it allowed the centre to reconsider the AGR dues to grant relief to the company.
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