Vodafone Idea shares drop 3% as Supreme Court upholds Rs 1,128 crore tax refund

Vodafone Idea shares fell by 3% to their day’s low of Rs 9.65 on the BSE on Tuesday, January 21, after the Supreme Court upheld a Bombay High Court’s order that asked the income tax authorities to refund excess prepaid tax of Rs 1128 crore to the telecom company.