Vodafone Idea shares slump 12%: Supreme Court limit on AGR relief hits company stock; no mention of waiver on penalties or interest
NEW DELHI: Vodafone Idea’s shares tumbled 12.4 per cent to Rs 8.21 on the BSE on Thursday after the Supreme Court issued its written order on the company’s adjusted gross revenue (AGR) dues, curbing the extent of relief investors had anticipated. The clarification dented hopes of a broader reprieve for the debt-laden telecom operator.The written…