Vodafone Idea shares surge on Supreme Court relief, investment buzz

CHENNAI: Vodafone Idea shares soared on Tuesday, November 4, locking in a 10 percent upper circuit after the Supreme Court allowed the government to review the company’s entire adjusted gross revenue (AGR) liabilities. The decision marked a significant legal relief for the debt-laden telecom operator and sparked strong buying interest on hopes of reduced dues and improved prospects for financial recovery.

The shares rose sharply in early morning trade to touch Rs 9.75 apiece before easing to Rs 9.54 by 11:30 AM.