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Gaurav Narendra Puri

13th Oct · SEBI-Registered Analyst

Vodafone Idea shares drop 3% after AGR dues hearing pushed to October 27

After the Center requested more time, the Supreme Court postponed its appeal on the additional adjusted gross revenue (AGR) dues once more, causing Vodafone Idea Ltd. shares to drop 3% on Monday, October 13. On behalf of the Department of Telecom (DoT), India's Solicitor General requested additional time. The Supreme Court observed that it wants the Centre to take a specific stand. It postponed its hearing until October 27, following Diwali. In the last month, there have been four hearing deferments. Schedule of postponed hearings September 19: The Center informed the Supreme Court that while it does not disagree with Vodafone's argument, a solution is necessary because it also owns stock in the company. The highest court noted that there must be some

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