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SC rejects telcos plea on AGR re-computation; Vodafone Idea tanks 15%

Three telecom firms - Bharti Airtel, Vodafone Idea and Tata Teleservices - had moved the apex court seeking correction in calculation errors in the DoT's AGR demand

Vodafone Idea
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VIL’s wireless broadband (4G) net additions of 0.6 million in February is far lower than that of its key rivals Airtel and Jio

Deepak Korgaonkar Mumbai
Shares of telecom operators Vodafone Idea (VIL) and Bharti Airtel came under selling pressure, falling by up to 15 per cent on the BSE in intra-day trade on Friday, after the Supreme Court (SC) dismissed the application of telecom companies that sought recomputation Adjusted Gross Revenue (AGR) dues demanded by the Department of Telecommunication (DoT).

Post the developmeny, VIL slipped 15 per cent at Rs 7.87 on the BSE in intra-day trade with the stock trading close to its 52-week low of Rs 7.60, last hit on October 19, 2020. A combined 809 million equity shares changed hands on

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