Supreme Court allows AGR reconsideration; Vodafone Idea reiterates position
IDEA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.6 pts less than Nifty Midcap 150 and 5.9 pts less than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Supreme Court disposed of Vodafone Idea's petition challenging additional AGR dues up to FY2016-17. It said the Union may reconsider them because the government holds 49% of the company and 20 crore customers are affected. Pending stay applications were disposed of, but no stay or quantified relief was granted. After an 11% share-price fall, the exchange sought clarification; the company reiterated its October 27 position without further comments.
AGR liability remains uncertain. Reconsideration could reduce the burden, but no stay or quantified relief was granted, so volatility may continue.