Mumbai, Aug. 26 -- The stock had gained 12.8% over the previous two sessions on hopes of a fresh bailout.

Minister of State for Rural Development and Communications Pemmasani Chandra Sekhar told the media on August 25 that the government has already extended significant relief by converting part of Vodafone Idea's debt into equity, and that there are currently no discussions or plans for further support. He noted that the government has done all it could in terms of relief measures so far.

He further explained that any decision on additional AGR relief would require clearance from the Union Cabinet, involving the Prime Minister's Office (PMO), the Finance Ministry, Telecom Minister Jyotiraditya Scindia and the Department of Telecommunic...