Vodafone Idea plunges 35% in two days as SC rules out AGR definition change

The stock hit a new low of Rs 3.66, down 15% on Friday, and has tanked 84% thus far in the calendar year 2019.

Shares of Vodafone Idea hit new all-time low of Rs 3.66, down 15 per cent on Friday, plunging 35 per cent in past two trading days on the BSE, after Supreme Court (SC) on Thursday rejected telecom companies’ appeal against the government’s definition of Adjusted Gross Revenue (AGR). The apex court will later decide on the timeframe for the operators to pay.

Given the past two day’s fall, thus far in the calendar year 2019, the stock of Vodafone Idea has tanked 84 per cent from level of Rs 22.77, as compared to 8 per cent rise in the