Vodafone Idea's share price has surged by 42% since September 2025, reaching ₹9.2, its highest level in eight months. This rally is attributed to the Supreme Court postponing the hearing on AGR dues until October 13, and a potential one-time settlement boosting investor confidence.
VI Share: Vodafone Idea's share closed 8% higher at ₹9.2 on Tuesday, marking its highest level in the past eight months. In early September 2025, it was trading at ₹6.49. The surge comes after the Supreme Court adjourned the hearing of the AGR dues case until October 13, while the government is reportedly considering concessions and a one-time settlement for the company's dues. This has boosted investor confidence, leading to a rise in the share price.
Share's Status
In early September, Vodafone Idea's share was at the ₹6.49 level. Prior to this, on August 14, 2025, the share had fallen to its record low of ₹6.12. On the other hand, it touched a 52-week high of ₹10.48 on January 20, 2025. On Tuesday, the share closed near ₹9.20 on the BSE, rising by more than eight percent. Combined across NSE and BSE, over 10.36 million shares of the company have been traded so far.
Reasons Behind the Rally
Experts believe that the main reason behind the surge in Vodafone Idea's share price is positive news related to the AGR dispute. The Supreme Court has adjourned the hearing on Vodafone Idea's petition until October 13. In this petition, the company has challenged the additional AGR dues of ₹9,450 crore demanded by the Department of Telecommunications (DoT).
The company had informed the stock exchange on September 19 that it had challenged the additional dues levied by the Department of Telecommunications in the Supreme Court. These dues fall within the scope of the previously issued AGR judgment. The company's management stated in its Q1 conference call that banks are awaiting clarity on the AGR dispute.
Government and Promoter Contribution
The government has converted its dues into equity in Vodafone Idea, making it the largest shareholder. Despite this, the operational control of the promoters remains intact, and they are committed to delivering long-term shareholder value. As of the end of June 2025, the company's total outstanding debt was approximately ₹1.95 lakh crore, comprising ₹1.19 lakh crore for spectrum payments and ₹76,000 crore for AGR dues.
Share Rally
Vodafone Idea's management believes that focusing on network expansion, digital services, and operational improvements can sustain the upward trend in the share price. According to a Bloomberg report, as part of efforts to strengthen ties between the Indian government and the UK, a one-time settlement for Vodafone Idea's legacy dues is being considered. This could involve waiving interest and penalties, and even offering concessions on the principal amount.
Experts suggest that if this settlement is successful, it will make Vodafone Idea attractive to new investors. This could help revive India's third-largest wireless carrier.
