Vodafone Idea share price slumps 9% after Supreme Court defers hearing in AGR case to October 6

Vodafone Idea share price slumped nearly 9% on Friday after the Supreme Court of India deferred the hearing in the company’s Adjusted Gross Revenue (AGR) case to October 6, following a government request for more time. Vodafone Idea shares declined as much as 8.98% to ₹7.90 apiece on the BSE.

During the proceedings, Solicitor General Tushar Mehta, appearing on behalf of the Department of Telecommunications (DoT), sought additional time to respond to the telecom operator’s plea. Vodafone Idea did not oppose the request, reports said.