Vodafone Idea shares slide 4% as investors brace for Supreme Court hearing this week
Shares of Vodafone Idea fell nearly 4% on Tuesday to Rs 7.85 on BSE, as investors turned cautious ahead of a crucial Supreme Court hearing later this week on the telecom operator’s plea challenging the Department of Telecom’s (DoT) additional AGR dues demand of Rs 9,450 crore.
The decline comes just a day after the stock surged almost 7% on optimism over the hearing schedule, highlighting the volatility surrounding the company’s long-running legal and financial troubles. The hearing is tentatively scheduled for September 19.
