Vodafone Idea shares sink nearly 9% after Supreme Court rejects AGR relief plea

Vodafone Idea’s shares plummeted after the Supreme Court dismissed telecom companies’ petitions for adjusted gross revenue (AGR) dues relief, wiping out a significant portion of Vi’s market capitalization. The court rejected appeals from Vodafone Idea, Bharti Airtel, and Tata Teleservices, deeming them “misconceived,” reinforcing the government’s stance on recovering dues.