For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Vodafone Idea Shares Fall 22% As SC Rejects New Schedule For AGR Payments

|

Shares in Vodafone Idea Ltd fell over 22% in trade, after the Supreme Court rejected a plea seeking new schedule of Adjusted Gross Revenue (AGR) payments. The Apex Court has ordered that AGR dues by telecom companies be paid by March 17, 2020.

 

Coming down heavily on the Department of Telecommunications (DoT) for not taking coercive action against telcos for failing to repay, the apex court ordered contempt proceedings against Bharti Airtel and Vodafone Idea.

 

The shares of Vodafone Idea closed 22.22% lower at Rs 3.5 per share. Bharti Airtel shares were, however, ended 4.38% higher at Rs 563.60.

Vodafone Idea Shares Fall 22% As SC Rejects New Schedule For AGR Payments

Read more about: vodafone idea
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X