Vodafone Idea share price gains 2.5%: moves to Supreme Court over AGR dues

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Stock Market today: Vodafone Idea share price gained almost 2.5% during the intraday trades on Wednesday. The news reports suggest that company has moved to Supreme Court filing fresh plea over AGR dues

Vodafone Idea’s new plea against the AGR Dues

With the argument that the new responsibilities surpass the Court’s earlier ruling on AGR liabilities, Vodafone Idea has petitioned the Supreme Court to reverse the Department of Telecommunications’ (DoT) additional 9,450 crore AGR demand.

The news reports suggest that Vodafone Idea has claimed that the new obligations go beyond the Court’s previous decision on AGR liabilities.

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