TelecomPre-market
Supreme Court allows reassessment of Vodafone Idea's AGR dues
pre-market1 source ↓written by the desknot a recommendation
- previous demand
- ₹9,450 crore
- to ₹9.6
- 9.9% stock surge
- market capitalisation reaching
- ₹1.04 trillion
The Supreme Court has permitted a full reassessment of Vodafone Idea's AGR dues up to FY17, moving beyond the previous demand of ₹9,450 crore. This decision is a relief for the financially strained telco, leading to a 9.9% stock surge to ₹9.6 per share, with market capitalisation reaching ₹1.04 trillion. 📈
This ruling may impact investor sentiment and could set a precedent for other telecom companies.
Not investment advice. For informational purposes only.