IDEA

Idea-BSNL merger only path to survival

Vodafone Idea-BSNL Merger: Vodafone Idea shares are uptrend for the last three trading, credit the news reports claiming that the government is exploring relief options for the company in the AGR dues matter. Although Vodafone Idea has denied reports on Rs 84,000 crore government relief, its shares are climbing continuously. On Thursday (June 26), Vodafone Idea shares closed higher for the third straight day. The counter settled at Rs 7.21, up 1.12 per cent. In the past three trading sessions, Vodafone Idea shares have 10.53 per cent. The latest buying spree in Vodafone Idea shares came after reports said that the government is exploring multiple options to provide relief to the company on its outstanding Adjusted Gross Revenue (AGR) dues of Rs 84,000 crore. The possible options include extending the AGR repayment tenure to 20 years from 6 and also applying a simple interest instead of compound interest on the outstanding amount.