New Delhi: India’s third largest telecom operator Vodafone Idea is finally seeing green shoots. On Saturday, It posted a net profit of Rs 51,970 crore in Q4 FY 26, thanks to a one-time accounting gain from govt’s adjusted gross revenue (AGR) relief — versus a loss of Rs 7,166 crore in same quarter previous fiscal. The same day, promoter Aditya Birla Group committed a capital infusion of Rs 4,730 crore via one of its companies Suryaja Investments Pte Ltd, Singapore.The company’s board has approved the issuance of up to 430 crore warrants, each convertible into an equity share, representing a 3.82% stake, to Suryaja Investments at an issue price of Rs 11 per warrant, according to an exchange filing.“25% of the Warrant Exercise Price shall be payable at the time of subscription of Warrants, and the balance 75% of the Warrant Exercise Price shall be payable by the warrant holder at the time of exercise of the right attached to the warrant to subscribe to equity shares,” the filing said.Last December, govt had frozen Vodafone Idea’s AGR dues at Rs 87,695 crore. Subsequently this April govt cut VI’s AGR dues by Rs 23,600 crore to Rs 64,046 crore after recalculation, deferring the bulk of its payments by 10 years, to be paid from FY36 to FY41.
