Voda Idea tumbles 10% ahead of crucial tribunal hearing

NEW DELHI: Shares of Vodafone Idea NSE -9.83 % plunged 10 per cent in Thursday’s session as reports suggested the company was up for a long legal battle over its premium plans after Reliance Jio appealed to the telecom tribunal to hear its side before passing an order.

Vodafone Idea plunged 9.94 per cent to Rs 7.79 on BSE in the morning trade.

Media reports said Mukesh Ambani-controlled Jio appealed to the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to hear its side before passing any order on Vodafone Idea’s petition against the regulatory curbs on premium plans.