Voda Idea dips 11% as SC rejects telcos’ plea for new schedule for AGR dues

Elvera Bartels

Shares of Vodafone Plan reversed their early early morning gains and dipped eleven for each cent to Rs three.ninety six on the BSE on Friday after the Supreme Court rejected the telcos’ plea in search of new routine of altered gross revenues (AGR) payments.

Coming down greatly on the Office of Telecommunications (DoT) for not getting coercive action from telcos for failing to repay, the apex court purchased contempt proceedings from Bharti Airtel and Vodafone Plan. Read Far more

Vodafone Plan, Bharti Airtel and Tata Teleservices had submitted modification apps on the time routine to make payments of about Rs one trillion that they owe to DoT as AGR.

The apex court also pulled up the DoT desk officer who wrote to the Legal professional Typical inquiring him to not insist on payemnt of dues. The SC issued a contempt recognize to the officer to demonstrate why no action should

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