The government has offered an option to Vodafone Idea to convert the interest component accrued during the moratorium period into equity.
As many as 22 stocks in the Sensex pack traded in the green. With a rally of 3.22%, IndusInd Bank was among the top gainers in the index.
AGR refers to revenues that are considered for payment of statutory dues.
Vodafone Idea traded 5.68% higher at Rs 8.75 on the BSE at around 9.33 am (IST), while Bharti Airtel was up 1.37% higher at Rs 679.90.
The scrip traded nearly 13% higher at Rs 6.88 at around 2.21 pm (IST)
In June, the company added 3.02 million subscribers in rural India, with its mobile user base increasing to 186.52 million
Reliance Jio and Bharti Airtel added 54.6 lakh and 38.1 lakh customers due to the setback faced by Vodafone Idea Ltd
Eight months after barring HDFC Bank from selling new credit cards, the Reserve Bank of India (RBI) has lifted the ban.
Consolidated revenue from operations declined by about 14% to Rs 9,152.3 crore during the reported quarter
Vodafone Idea has filed a petition to review the apex court’s July 23 order disallowing “corrections” in AGR calculations