Vodafone Idea Crashes 9% as Govt Rules Out Fresh AGR Relief

Vodafone Idea shares tumbled over 9% on August 26 amid profit booking after the Telecom Ministry clarified no fresh relief on AGR dues is under consideration. Indus Towers also slipped 3.5%. The minister said further relief, if any, would need Cabinet approval. Investor sentiment weakened despite Vi’s ongoing funding talks and past government support measures.