Vodafone Idea Skyrockets 10% on AGR Waiver Buzz – Hits Upper Circuit!

Vodafone Idea Skyrockets 10% on AGR Waiver Buzz – Hits Upper Circuit!

ByMuskan

Vodafone Idea shares rose 10% intraday before closing 9.1% higher Monday on an ET report that the government is considering a proposal to waive 50% of interest, 100% of penalties, and interest on penalties, which make up the majority of the adjusted gross revenue (AGR) dues levied on telcos following the 2019 Supreme Court order….

Shares of Vodafone Idea fall 7% to 52-week lows following a DoT notice on bank guarantees

Shares of Vodafone Idea fell 7% to 52-week lows following a DoT notice on bank guarantees

ByKaushiki

The Department of Telecommunications (DoT) issued a warning today about Vodafone Idea’s inability to pay mandatory bank guarantees for prior spectrum auction dues, which caused shares of the business to plunge over 7%, trading at Rs 8.90 on the National Stock Exchange (NSE). Vodafone Idea was accused of not providing the required bank guarantees for…