VIL down 23%, Airtel recovers from lows post SC order

New Delhi: Shares of telecom majors plunged on Thursday following the Supreme Court order directing telecom carriers including Bharti Airtel and Vodafone Idea, to pay the government as much as Rs 92,000 crore in dues, which includes penalties and interest.

Vodafone Idea’s stocks slumped 23 per cent to touch a 52-week high of Rs 4.35 per share. At 3.06 p.m., its shares were trading at Rs 4.36, lower by Rs 1.29 or 22.83 per cent from its previous close.

Post the Supreme Court’s order, shares of Bharti Airtel dived 9.7 per cent to touch an intra-day low of Rs 325.60 per share.