Vodafone Concept shares declined 2.49 per cent to ₹9.38 on Monday morning because the Supreme Court docket commenced listening to on the telecom operator’s plea to quash extra adjusted gross income (AGR) dues of ₹9,450 crore. The inventory opened at ₹9.62 and touched an intraday excessive of ₹9.80 earlier than falling to ₹9.28.
A bench comprising Chief Justice B R Gavai and Justices Okay Vinod Chandran and Vipul M Pancholi is listening to the case, which was deferred from October 13 after the Centre sought extra time. Vodafone Concept has challenged the Division of Telecom’s demand for ₹5,606 crore in extra AGR dues for the interval as much as FY2016-17, arguing it falls outdoors the scope of the Supreme Court docket’s 2019 ruling.
The Centre, which holds a 49 per cent stake in Vodafone Concept following a ₹53,000 crore debt-to-equity conversion in 2021, had earlier indicated efforts have been underway to achieve a decision. Stories recommended the federal government is contemplating a one-time settlement involving waiver of curiosity and penalties.
Nonetheless, in August, Union minister Chandra Sekhar Pemmasani dominated out extending additional aid to the debt-laden firm. The inventory traded with heavy promoting stress, with promote amount at 10.05 crore shares towards purchase amount of 4.03 crore shares.
Printed on October 27, 2025
