Vodafone Idea Shares Surge After Supreme Court Ruling
Vodafone Idea shares jumped 9% after the Supreme Court allowed the government to reconsider AGR dues.
The company's share price surged nearly 10% in intraday trade following the court's decision to permit the Central government to reassess the company's adjusted gross revenue (AGR) dues.
The AGR matter falls within the Centre’s policy domain, giving the government the freedom to relook into Vodafone Idea’s request for reassessment.
The Supreme Court's decision is seen as a key breather for the debt-ridden telecom operator, which has been struggling under the burden of massive AGR liabilities for years.
This development opens the door for a possible reduction in dues for Vodafone Idea.
Author's summary: Vodafone Idea shares rise after court ruling.
More News
- 400,000 Coloradans have cast votes so far
- Landmark New Report Shows Canadian Lobbyists Represent Major Polluters Alongside Environmental Groups
- SJHN Daily: Celebrini Named NHL First Star of the Week
- Flyers send Jett Luchanko back to juniors as development takes priority | NorthPennNow
- Turkey Buys RAF's Retired C-130Js, Opening a New Chapter for Its Airlift Fleet
- Congress Eyes New Cyber and Communications Powers for the National Guard
- NGS Streamlines Biomarker Testing in Solid Tumors | Oncology Nursing News
- 400,000 Coloradans have cast votes so far
- Battlefield 6 REDSEC battle royale to officially launch soon
- MCU: Jeremy Allen White Responds to Popular X-Men Fan Casting