Shares of Vodafone Idea plunged nearly 20%, hitting a 52-week low despite the Cabinet freezing ₹87,695 crore in AGR dues for five years. Investors were disappointed by the lack of a substantial debt waiver, as the moratorium only reschedules payments to FY32–FY41. While the move provides a short-term lifeline for the state-backed telco, long-term survival remains tied to fresh funding.