Vodafone Idea shares have rallied 20% in six sessions, but MoS telecom rules out more relief
Published on 26/08/2025 06:48 AM
Vodafone Idea shares have rallied 20% in six sessions, but MoS telecom rules out more reliefTelecom Minister Jyotiraditya Scindia in an exclusive interaction with CNBC-TV18 on July 2, had already confirmed that the government does not intend to make Vodafone Idea a PSU.By Hormaz Fatakia | Ashmit Kumar August 26, 2025, 6:48:14 AM IST (Published)2 Min ReadShares of Vodafone Idea Ltd., having gained as much as 20% in the last six trading sessions, of which they gained in five, will be in focus on Tuesday, August 26, as Minister of State for Communications Chandra S Pemmasani ruled out any further relief to the debt-laden telecom operator.
In an exclusive interaction with CNBC-TV18 on Monday, Pemmasani said that no further relief package for Vodafone Idea is being considered by the government.
“Whatever we wanted to do has already been done,” referring to the conversion of nearly ₹53,000 crore of dues into government equity under the 2021 relief package. That conversion gave the government a 49% stake in the telecom company, making it its largest shareholder.
“Vodafone is up to their management. They are all business people. They know how to manage. It’s up to them how they want to take it forward," Pemmasani said. Telecom Minister Jyotiraditya Scindia in an exclusive interaction with CNBC-TV18 on July 2, had already confirmed that the government does not intend to make Vodafone Idea a PSU.
Shares of Vodafone Idea had rallied last week after reports had indicated that there could be some potential relief with regards to the AGR dues for the company.
Vodafone Idea shares ended 4.7% higher on Monday after an 8% gain last Friday. Both these sessions saw over 100 crore shares change hands in a single trading session. The last instance of this happening in Vodafone Idea was between June 24-25 this year.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsAGR duesshare market todayVodafone Idea share pricevodafone idea shares