# Vodafone Idea stock zoomed 10% in Monday's trading session on the back of AGR relief.

*fintech · news · 2026-05-04 · Business Standard*

## Key points

- The Department of Telecommunications reduced Vodafone Idea's AGR dues by 27% to ₹64,046 crore.
- Most of the revised AGR dues will be paid in six installments over FY36 to FY41.
- Citi Research estimates the net present value of the AGR liability now drops from ₹35,000 crore to ₹26,000 crore.
- Vodafone Idea is now better positioned to raise ₹25,000 crore in bank debt after regulatory clarity.
- Citi's ₹14 target price assumes operational recovery post-fundraise but rates the stock as High Risk.

**Companies:** Vodafone Idea
**Countries:** India

[Read the full story on Business Standard](https://www.business-standard.com/markets/news/vodafone-idea-surges-10-on-huge-volumes-citi-sees-further-30-upside-126050400244_1.html)

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