Vodafone Idea shares rally nearly 6% amid AGR relief speculation

Shares of Vodafone Idea surged by as much as 5.7% on Tuesday, reaching Rs 9.6 on the BSE, after Finance Secretary Tuhin Kanta Pandey hinted that the government is considering a proposal to waive 50% of the interest and 100% of the penalties and interest on penalties, which make up a significant portion of the adjusted gross revenue (AGR) dues levied on telecom companies such as Vodafone Idea and Bharti Airtel.