Vodafone Idea (IDEA.NSE) shares tumbled over 10.5% after the government ruled out any new bailout, citing the 2021 equity conversion of ₹53,000 crore. The telco still faces AGR dues exceeding ₹83,000 crore, with annual payments of ₹18,000 crore resuming in 2026. Retail sentiment turned 'extremely bearish' as insolvency fears resurfaced despite a recent uptick in ARPU.