Vodafone Idea shares slump 12%: Supreme Court limit on AGR relief hits company stock; no mention of waiver on penalties or interest
Vodafone Idea’s stock plunged after the Supreme Court’s written order clarified that relief on adjusted gross revenue dues was limited to a specific Rs 9,450 crore demand. Hopes for a broader waiver of penalties and interest, crucial for the debt-laden firm’s survival, were dashed, impacting investor sentiment and share prices.
Vodafone Idea’s stock plunged after the Supreme Court’s written order clarified that relief on adjusted gross revenue dues was limited to a specific Rs 9,450 crore demand. Hopes for a broader waiver of penalties and interest, crucial for the debt-laden firm’s survival, were dashed, impacting investor sentiment and share prices.
