Telecom service provider Vodafone Idea Ltd. shares closed 3.58% higher on Thursday, after reaching an intraday high of ₹7.27 apiece. This happened after the company filed a plea in the Supreme Court, seeking additional relief from its adjusted gross revenue (AGR) dues.

The company is seeking a waiver of over ₹30,000 crore in dues, especially the penalty and interest on the penalty component of the AGR dues. The telco claimed that the sector will collapse without additional government support.

If approved, this move is expected to provide huge relief to Vodafone Idea’s cash flow in the next three years. Last year, the company raised over ₹20,000 crore through its largest Follow-on Public Offer (FPO) last year and infusion of funds by promoters.

The latest shareholding pattern of the company shows that the government has a 49.00% stake in the company after having converted its spectrum liabilities into equity.

In another development, the company will be seeing an increase in its weightage on the MSCI Global Standard Index. It was added to this index in August last year. An increase in weightage could lead to additional inflows as passive funds and a few active funds tend to replicate the MSCI Global Standard Index.

Let’s take a look at its Factor Analysis scores:

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