Vodafone Idea Shares Today: Shares of Vodafone Idea Ltd. fell sharply on Friday morning, trading at Rs 8.40, down Rs 0.28 or 3.23 per cent at 9:32 am IST, as investors awaited the Supreme Court’s hearing on the telecom company’s plea against the Centre’s additional Adjusted Gross Revenue (AGR) demand.
Vodafone Idea challenges Rs 9,450 crore AGR dues
The debt-laden telco has approached the apex court seeking to quash the Department of Telecom’s (DoT) demand of Rs 9,450 crore in AGR dues. Vodafone Idea argues that the claim exceeds the scope of the Supreme Court’s 2019 ruling on AGR liabilities and includes duplicated amounts. The company has requested a fresh reconciliation starting from pre-FY17 accounts.
Breakup of AGR dues: FY18–19 and pre-merger liabilities
Of the total demand, Rs