Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Vodafone Idea stock tumbles 5.6 pc to hit lower circuit
New Delhi, Dec 09 (ANI): The share price of telecom major Vodafone Idea fell by 5.64 per cent intraday on Monday after its Chairman Kumar Mangalam Birla said the company may have to stop operations if it does not receive any relief from the government following the Supreme Court order to pay dues of Rs 92,000 crore related to the adjusted gross revenue (AGR) issue. At 11:10 am, the stock was trading at Rs 6.53 per share against the previous close of Rs 7.31. Last month, Vodafone Idea and competitor Bharti Airtel had said that their ability to operate and make profits will depend on relief from the government after the Supreme Court upheld a demand by the Department of Telecommunications that mobile operators pay overdue levies and interest.