Mumbai/IBNS, Jan. 9 -- Vodafone Idea shares surged 8.78% to an intraday high of Rs 12.51 on the BSE on Friday, amid widespread losses on Dalal Street, media reports said.

Earlier, the Union Cabinet approved a relief package for Vodafone Idea, freezing AGR dues at Rs 87,695 crore and setting a revised repayment schedule spanning 10 years from FY32 to FY41, according to Livemint.

The company also reached a settlement with Vodafone Group regarding long-pending contingent liabilities stemming from the 2017 merger of Vodafone India and Idea Cellular.

Published by HT Digital Content Services with permission from India Blooms....