Voda Idea tanks 35% as SC says self-assessment of AGR dues violation of order

Shares of Vodafone Idea pared their gains and nosedived 35 per cent after the Supreme Court said the self-assessment of AGR dues by the Department of Telecommunication is sheer violation of court orders.

The scrip tanked nearly 30 per cent to Rs 3.40 after the order. Earlier, the share price of the telecom major opened the day at Rs 5.33 against the previous close of Rs 4.85 and rose as much as 15 per cent.

Vodafone Idea recently computed its AGR dues at Rs 21,533 crore, way below the over Rs 58,000 crore pegged by the Department of Telecommunications (DoT).