Vodafone Idea shares nosedive nearly 26 per cent; market cap drops by Rs 4,367 crore post SC order

NEW DELHI: Shares of Vodafone Idea on Friday plunged nearly 26 per cent after the Supreme Court dismissed telcos’ plea seeking review of its earlier order asking them to pay Rs 1.47 lakh crore in past statutory dues by January 23.

The scrip tanked 25.21 per cent to close at Rs 4.51 on the BSE. During the day, it plummeted 39.30 per cent to Rs 3.66. On the NSE, it cracked 25.83 per cent to close at Rs 4.45.

The company’s market valuation also tumbled by Rs 4,367.34 crore to Rs 12,959.66 crore on the BSE.