Vi stock surges on govt extending AGR payment timeframe to 20 years

Shareholders of Vodafone Idea may yet get to breathe a sigh of relief as the Indian government is preparing the highly anticipated telecom relief package, doubling the adjusted gross revenue (AGR) dues payment timeframe to 20 years from 10 years. The company’s stock surged by over 4% as of 2:00 p.m., on August 23, after a report by The Ken stated that the government intends to pass an ordinance to increase the AGR dues payment timeframe.

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