Vodafone Idea’s shares surged 10% on Monday, hitting the upper circuit at ₹9.60 on the BSE, after the Supreme Court clarified its stance on the company’s adjusted gross revenue (AGR) dues. The court stated that the government is free to consider relief for Vodafone Idea regarding both additional AGR dues and a reassessment of all pending liabilities. Earlier, there was ambiguity about whether the observation applied only to the ₹9,500 crore additional dues or the total outstanding of nearly ₹80,000 crore.
Meanwhile, reports suggest that U.S.-based private equity firm Tillman Global Holdings (TGH) is in advanced talks to invest $4–6 billion (₹35,000–₹52,800 crore) in the telecom operator and may seek operational control. The proposed investment depends on a comprehensive relief package from the government covering AGR and spectrum dues. If finalized, TGH could become Vodafone Idea’s new promoter, replacing Aditya Birla Group and Vodafone Plc, while the government would retain its 48.99% passive stake.
Vodafone Idea’s stock has risen 33% in three months, 25% in six months, and 10% YTD, though it remains 36% lower over the past two years.
