India, April 1 -- On Tuesday morning, shares of Vodafone Idea Limited (VIL) rose by over 18%.Vi shares were at Rs 8.09, an increase of 18.97%. Vodafone Idea is off to an excellent start in the stock market for FY26. The Indian government has promised to pay Rs 36,940 crore of AGR (adjusted gross revenue) dues to Vodafone Idea in equity. The government is doing this for the second time. After the conversion, the government will have 48.99% stake in Vodafone Idea.

After the outstanding spectrum auction dues were converted into equity shares, the Indian government is to increase its holding in Vodafone Idea Limited (Vi) to about 48.99 percent. In line with the sectoral relief package that was announced in September 2021. The stock jumped mo...