Bharti Airtel slips 4% as it defers September quarter results on AGR matter

Last week, in a major blow to the incumbent telecom players, Bharti Airtel and Vodafone-Idea, the Supreme Court ruled that the existing definition of AGR will prevail.

Shares of Bharti Airtel slipped up to 4 per cent in the opening deals on Tuesday after the company deferred its September quarter results till November 14 saying it needed more clarity on adjusted gross revenue (AGR) matter. The company was slated to release its financial results today. 

At 9:34 am, the stock was trading 3.69 per cent lower at Rs 358.90 apiece on the BSE. In comparison, the S&P BSE Sensex was trading 99 points or 0.25 per cent higher at 39,349 levels.

In a regulatory filing, the company on Tuesday said the management recommended to the Board of