In a letter to Cabinet Secretary Rajiv Gauba on June 7, Birla said that with a "sense of duty" towards 27 crore Indians connected with Vodafone Idea, he is willing to hand over his stake to the Public Sector Unit (PSU), a government entity or any domestic financial entity, or any other entity that the government may consider worthy of keeping the company as a going concern. Birla also sought clarity on adjusted gross revenue (AGR), an adequate moratorium on spectrum dues and floor pricing, adding that without immediate and active government support, VIL's operations will be at an "irretrievable point of collapse." On Tuesday, backed by the prospect of relief measures coming from the government, telecom stocks surged Tuesday.