Shares of debt-ridden telecom firm Vodafone Idea declined by over 5% in intraday trading on Thursday, October 30, amid concerns that the Supreme Court’s order offers only partial relief to the company.
According to the Supreme Court’s written order, the claim is restricted only to the additional adjusted gross revenue (AGR) demand raised for the period up to the financial year 2016-17. According to certain media reports, citing analysts, the relief, if provided, will be limited to the new AGR demand of ₹9,450 crore.
