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The share price of Vodafone Idea nosedived 9 per cent in Friday's trading session after India's apex court deferred hearing the telecom operator's Adjusted Gross Revenue (AGR) case to October 6 after the government requested for more time.
The Gandhinagar-headquartered company's shares declined as much as 9.40 per cent to Rs 7.90 apiece on the BSE bourse.
Representing the Department of Telecommunications (DoT), Solicitor General Tushar Mehta had sought additional time to respond to Vodafone Idea's plea.
The case pertains to the DoT’s demand of ₹9,450 crore in additional AGR dues from the debt-laden telecom company. Vodafone Idea has petitioned the Supreme Court to set aside the demand, arguing that it exceeds the scope of the