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

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 […]

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