Shares of Vodafone Idea will be in focus today after promoter Kumar Mangalam Birla made significant purchases in the open market, acquiring over 4 crore shares of the struggling telecom operator, exchange data shows. According to shareholding filings, Birla increased his stake through two separate transactions, purchasing 2.21 crore and 1.88 crore shares, boosting promoter confidence in the stock.
The stock has also been driven by recent regulatory relief on longstanding adjusted gross revenue (AGR) liabilities, which has eased some near-term financial stress for the company. The government and the Supreme Court froze Vodafone Idea’s AGR dues at around ₹87,695 crore and agreed to a long-term repayment schedule, spreading payments into the 2030s and reducing immediate cash flow pressure. This move has been seen as a positive development for the carrier’s financial viability.
India’s telecom operators owe a collective ₹1.77 lakh crore in AGR dues through FY25, with Vodafone Idea accounting for nearly half of that burden, highlighting the scale of legacy liabilities the company has been managing.
Birla’s purchases, combined with regulatory relief, are being viewed by some market participants as a sign that the promoter remains engaged in supporting the business, even as Vi continues to face structural challenges such as high debt and competitive pressure in the telecom sector.