 "Assuming a 15 year payment timeline, ICICI Securities expect annual instalments of around Rs 6,600 crore for Vodafone Idea")
Shares of telecom services providers, mainly Bharti Airtel and Vodafone Idea, were underperforming the otherwise strong market on Tuesday after the Supreme Court on Monday reserved its order on timeline of staggered payment of adjusted gross revenue (AGR) related dues by telecom operators.
Individually, the stock of Vodafone Idea slipped 9 per cent to Rs 8.24 in the early morning trade on the BSE. At 09:21 am, Vodafone Idea was trading 5 per cent lower at Rs 8.55, while Bharti Airtel was trading flat at Rs 577, as compared to 1.1 per cent rise in the S&P BSE Sensex.
In response to
