Vodafone Idea shares hit 15% lower circuit after the Supreme Court rejected telecom companies’ plea on re-computation of adjusted gross revenues (AGR) dues.

Vodafone (LON: VOD) share price retreated by over 2% in London and by 0.50% in the US pre-market session on Thursday. It fell to a low of 76.32p, down from this week’s high of 79.50. Still, it is one of the best-performing companies in the FTSE 100 index as it jumped by 30% from its

Vodafone Idea (VIL) recently reported a massive adjusted gross revenue (AGR) liability of ₹70,300 crore, which includes accumulated interest. However, VIL’s self-assessed AGR liability is significantly lower, at ₹35,400 crore, a 50% reduction compared to the official figure.

Vodafone Idea's shares fell nearly 20% on Thursday after the Supreme Court had dismissed the curative petition filed by telecom companies over computation of the AGR dues.

Telecom major Vodafone Idea Ltd. has called for an urgent meeting with investors and analysts, scheduled for Monday, September 23, 2024. "Vodafone Idea Limited will host a conference call with its senior management on Monday,

Vodafone Idea has scheduled a meeting with investors and analysts on September 23 to discuss recent events. This follows the Supreme Court's rejection of pleas by telecom companies, including Vodafone Idea,

Brokerage firm Citi, in a note on August 29 had said that any favourable AGR outcome would boost Vodafone Idea's share price by ₹4 to ₹5 per share or even higher, or more than 25% benefit on its current market price.

Shares of most telecom firms were trailing on Friday after the Indian Supreme Court stayed its ruling on adjusted gross revenue (AGR) dues. What Happened: The Supreme Court dismissed a series of petitions from telecom companies,

Earlier this month, global brokerage firm Goldman Sachs downgraded Indus Towers from a 'Neutral' rating to 'Sell,' lowering the target price to ₹220.

Shares of Vodafone Idea Ltd and Indus Towers on Thursday (September 19) experienced a sharp decline, with Vodafone Idea's stock hitting the 15 percent lower circuit limit and Indus Towers falling by 10 percent.

Telecom infrastructure company Indus Towers Ltd on Thursday (September 19) issued a clarification regarding its recent share price fluctuations following the Supreme Court's decision to reject pleas seeking recomputation of adjusted gross revenue (AGR) dues.