SC rejects telcos' pleas on AGR dues; Vi shares plunge 20%
Following the Supreme Court’s dismissal, Vodafone-Idea shares plummeted nearly 20% to a 52-week low of ₹10.36 from ₹12.90.
Following the Supreme Court’s dismissal, Vodafone-Idea shares plummeted nearly 20% to a 52-week low of ₹10.36 from ₹12.90.
Shares of the company jumped more than 13% in the intraday trade on Wednesday expecting a positive response from the government.
Vodafone Idea says the Department of Telecommunications has offered the company a moratorium of four years on all AGR related dues up to financial year 2018-19.