Shares of Vodafone Idea have declined as much as 6% on Thursday after the Supreme Court upheld the Adjusted Gross Revenue ruling against the telecom companies and upheld the quantum of the AGR demand.

Telecom major Vodafone Idea Ltd. has called for an urgent meeting with investors and analysts, scheduled for Monday, September 23, 2024. "Vodafone Idea Limited will host a conference call with its senior management on Monday,

Mumbai: Financially troubled telecom operator Vodafone Idea (Vi) has scheduled an unexpected meeting with investors and analysts on September 23. In a stock exchange filing, Vi stated that the 30-minute call will focus on "recent events." The discussion will have CEO Akshaya Moondra and CFO Murthy GVAS, along with other senior executives.

Vodafone Idea's shares fell nearly 20% on Thursday after the Supreme Court had dismissed the curative petition filed by telecom companies over computation of the AGR dues.

Vodafone Idea’s stock hit a 52-week low after the Supreme Court dismissed pleas for correction of alleged errors in the adjusted gross revenue | Photo Credit: Shares of Vodafone Idea plummeted to hit a 52-week low on Friday’s early trade on the NSE and BSE at ₹9.

A curative plea was rejected by a three-judge bench and is the final nail in the coffin in as much as any reconsideration of the AGR case is concerned.

Once the moratorium on AGR and spectrum dues ends in25, Vodafone Idea will need to pay Rs 29,100 crore by the end of March 2026, and Rs 43,000 crore annually from FY27 till FY31.

Vodafone Idea shares fell nearly 20% in the last two days as SC dismissed a batch of pleas seeking correction of alleged errors in the Adjusted Gross Revenue

The telecom company, struggling under massive debt, is facing heightened uncertainty following the Supreme Court's decision

Vodafone Idea reported an AGR liability of Rs 70,300 crore, including accumulated interest. VIL’s self-assessed AGR liability was 50 per cent lower at Rs 35,400 crore.