Indus Tower shares drop 13% following Supreme Court’s rejection of AGR case re-computation

Shares of Indus Towers dropped by 13 per cent on Thursday, hitting a low of ₹366.30 on the BSE, following the Supreme Court’s ruling in the Adjusted Gross Revenue (AGR) case, which denied telecom companies’ request for a re-computation.

The Supreme Court upheld its previous decision on the AGR issue, insisting that telecom companies pay the full amount of the AGR dues.