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Vodafone Idea shares hit 1-year high amid possible government rescue
Business
Vodafone Idea (Vi) just hit a one-year share price high at ₹12.02, jumping 3.2% after reports that the government might offer a four to five-year interest-free break on Vi's huge AGR dues (over ₹83,000 crore).
This move could finally give Vi some breathing room and help steady its finances.
What's changing for Vi—and why investors care
The government is also considering cutting Vi's dues by half and letting them pay in installments after the moratorium, pending Cabinet approval.
This relief package is only for Vi—not for Bharti Airtel—and could open the door for fresh investments; private equity firm Tillman Global Holdings is eyeing a $4-6 billion stake if the deal goes through.