Vodafone Idea shares slide 4% ahead of Supreme Court hearing on Rs 9,450 crore AGR dues plea
Shares of Vodafone Idea fell 4.14% to a day’s low of Rs 8.32 on the BSE on Friday, September 26, ahead of the Supreme Court hearing on the company’s plea challenging the Department of Telecommunications’ demand for Rs 9,450 crore in additional AGR dues.
The telecom operator has filed a petition to quash the DoT’s claim, arguing that it goes beyond the scope of the apex court’s earlier ruling on AGR liabilities. Of the total dues, Rs 2,774 crore pertains to the post-merger Vodafone Idea entity, while Rs 5,675 crore relates to liabilities of the pre-merger Vodafone Group, the company stated.
