Business Standard

Voda Idea tanks 39% on AGR blow but Airtel jumps as analysts remain bullish

With this, the telcos will have to together pay an estimated Rs 1.47 trillion in AGR dues that include penalties and interest on penalties by January 23.

Telecom sector
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Telecom sector

Nikita Vashisht New Delhi
Shares of telecom companies, including Bharti Infratel and Vodafone Idea, and banking firms such as IndusInd bank and YES Bank, were trading actively at the bourses on Friday after the Supreme Court Thursday rejected the review petitions moved by Bharti Airtel, Vodafone Idea and Tata Teleservices against its October 2019 order on payment of dues linked to adjusted gross revenue (AGR). With this, the telcos will have to together pay an estimated Rs 1.47 trillion in AGR dues that include penalties and interest on penalties by January 23.

In the early deals, Vodafone Idea plunged 39.3 per cent to

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