Vodafone Idea share price surged nearly 10% in the intraday trade today, after the Supreme Court permitted the Central government to reconsider the issue of reassessing the company’s adjusted gross revenue (AGR) dues.

The apex court’s decision is seen as a key breather for the debt-ridden telecom operator, which has been struggling under the burden of massive AGR liabilities for years.

What triggered the rally?

The Supreme Court observed that the AGR matter falls within the Centre’s policy domain, giving the government the freedom to relook into Vodafone Idea’s request for reassessment.

The court made it clear that there is “no impediment” to the Union government taking an appropriate decision in the case.

For Vodafone Idea, this development opens the door for a possible reduction

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