Voda Idea slips 25% from day's high; Airtel up 6% post SC AGR verdict

The Supreme Court has allowed telcos to pay their outstanding dues in 10 years.

Shares of Vodafone Idea (VIL) slipped 20 per cent to Rs 8.16, down 25 per cent from intra-day’s high of Rs 10.95 on the BSE after the Supreme Court (SC) allowed 10 years for staggered payment of adjusted gross revenue (AGR) dues. The stock trades in the futures & option (F&O) segment, which has no circuit limits. 

At 12:11 pm, it was trading 18 per cent lower at Rs 8.39, as compared to 0.80 per cent rise in the S&P BSE Sensex. A combined 773 million equity shares changed hands on the counter till the time of writing of this