Vodafone Idea shares jump nearly 15% as Vodafone wins retro tax case in Hague

MUMBAI: Shares of Vodafone Idea jumped nearly 15 per cent after Vodafone won an arbitration case against the Indian government over retrospective tax demand for around Rs 20,000 crore.

Vodafone Idea shares ended the day at Rs 10.36 with a gain of 13.6 per cent or Rs 1.24, while benchmark Sensex settled at 37,388, up 2.28 percent or 835 points.

The Permanent Court of Arbitration in Hague ruled in favour of Vodafone, and the court ruling held Indian tax department in breach of fair treatment doctrine.