Vodafone Idea share price jumps over 9% after Supreme Court allows Centre to reconsider AGR dues issue

Vodafone Idea share price jumped over 9% on Monday after the Supreme Court allowed the Central government to reconsider the issue of reassessment of the telecom operator’s adjusted gross revenue (AGR) dues. Vodafone Idea shares rallied as much as 9.45% to ₹10.53 apiece on the BSE after the SC ruling.

The Supreme Court observed that the issue falls within the policy domain of the Union government, noting that it sees no impediment to the Centre reconsidering the matter and taking an appropriate decision.