Investing News and Headlines

Vodafone Idea Share Price Gains 3.5% on Reports that DoT Review May Slash Its Licence Fee by 60–65%

Vodafone Idea’s shares jumped over 3.5% to around ₹10.35 after media reports indicated the Department of Telecommunications could slash the company’s licence fee liability by 60‑65%. The DoT has completed the licence‑fee reassessment, with spectrum usage charges to be reviewed by March 31. Despite the rally, JPMorgan recently downgraded the stock, warning of funding gaps and aggressive EBITDA targets. Meanwhile, promoter Kumar Mangalam Birla increased his stake by buying roughly 7.8 crore shares in early February.