Vodafone Idea Limited shares saw a significant surge on Thursday. ​​The company’s shares rose by nearly six percent on the BSE, reaching ₹11.43. Investor enthusiasm was boosted after the company announced that it would receive thousands of crores of rupees from its promoter, Vodafone Group. This amount was determined after significant changes were made to the company’s previous agreement.

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Significant Amendment to the Old Agreement

The company stated that this funding stems from an amendment to the Implementation Agreement made at the time of the Vodafone and Idea merger. This change relates to liabilities whose final amount had not been previously determined. The new agreement provides clarity in resolving these uncertain liabilities.

How the ₹5,836 Crore Will Be Received

According to the amended agreement, the Vodafone Group promoter will provide approximately ₹2,307 crore in cash over the next 12 months. The remaining amount will be provided through equity shares. This entire transaction will be conducted under the Contingent Liability Adjustment Mechanism (CLAM).

Previous Expectations

Under the CLAM arrangement, Vodafone Idea had previously estimated receiving a total of ₹8,369 crore from the promoters. Of this, ₹1,975 crore had already been received by the company. The situation regarding the remaining amount was unclear. Following the new agreement, the company has now confirmed that it will receive approximately ₹5,836 crore.

Arrangement Through Pledged Shares

To secure this amount, some shareholders of Vodafone Group have set aside 3.28 billion equity shares of Vodafone Idea for a period of five years. These shares will be sold if needed by the company, and the proceeds will go to Vodafone Idea. Based on market prices, the estimated value of these shares is ₹3,529 crore, based on the closing price on the NSE as of December 31, 2025.

Company’s Clarification on the Situation Related to DoT

The company has also clarified that the amount received under CLAM is not linked to any pre-conditional payment to the Department of Telecommunications (DoT). This means the amount is not tied to government dues or license fees.

Relief under Old Regulations

The revised agreement came into effect on December 31, 2025, extending the period of the old sunset clause. This has given the company more time and a clear direction for settling its old liabilities.

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Recent Share Movement

On Wednesday, Vodafone Idea shares closed 10.85 percent lower at ₹10.76 on the BSE. However, the shares opened at ₹11.17 today and saw a sharp surge shortly after the market opened.