Voda Idea stock falls over 11% amid AGR woes

Shares of Vodafone Idea on Tuesday settledover 11 per cent down in the wake of continuing business uncertainty over payment of statutory dues.

The scrip has been closing in the red for the past seven consecutive sessions. The company’s credit rating has also been downgraded by two rating agencies. On the BSE, the stock plunged 17.25 per cent to trade at a low of Rs 2.83. It settled with a loss of 11.40 per cent at Rs 3.03.

The scrip plummeted 17.64 per cent to Rs 2.80 on the National Stock Exchange (NSE). It closed 10.29 per cent lower at Rs 3.05.

In terms of traded volume, more than 64 crore shares of the company were traded on the NSE and over 15 crore units exchanged hands on the BSE.