By Admin 
Vodafone idea share: The shares of Vodafone Idea (VI) rose by about 10 percent on Friday, August 22. This boom in the company’s shares has come due to reports that the Prime Minister’s Office (PMO) may soon take a decision on the proposal to provide relief for this telecom company facing financial crisis. According to a report by Livemint, quoting sources related to the case, the PMO has received an informal proposal from the Department of Telecommunications (DOT), which suggested some measures to help Vodafone Idea.
These measures suggested to PMO
Extending the existing Moratorium for the payment of the Statue Dues by two more years, giving the company a little more time to pay the dues. This step is expected to reduce immediate financial pressure on the company. In addition, other measures have to shorten the annual installments and waive the interest on AGR payment.
Shares of Vodafone Idea
Vodafone Idea Limited shares were trading at Rs 7.20 with a huge lead of 9.92 percent at 2:22 pm on August 22. The share opening took place at Rs 6.70 and it reached Intrade High of Rs 7.20. Whereas during the session, its minimum price was Rs 6.58. However, despite the recent lead, Vodafone Idea is still trading below its 52-week high level of Rs 16.55, but its 52-week low level remains above Rs 6.12.
The burden of heavy dues on the company
Let us know that Vodafone Idea is currently outstanding an AGR of Rs 83,400 crore. The company has to pay Rs 18,000 crore annually from March 2025 to the next six years. The company owes Rs 2 lakh crore to the company by adding fine and interest. Since the company is already burdened with this huge debt burden, no bank is coming forward to help. In such a situation, only the government is expected to get help.
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