MUMBAI: The Supreme Court’s Adjusted Gross Income (AGR) ruling has dealt Vodafone Idea Ltd a massive blow, although the troubled telco is expected to survive. At least that appears to be the stock market’s verdict on the court’s ruling. Vodafone Idea shares are down about 15% compared to where they …
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NEW DELHI: The Supreme Court on Tuesday granted telecom operators 10 years to pay fees related to adjusted gross income (AGR). The development comes as a relief to Vodafone Idea Ltd, whose survival would have been a concern even if the higher court had not staggered the payment. The company …
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[ad_1] British telecommunications giant Vodafone PLC, which owns a majority stake in Vodafone Idea, attributed its share of the losses related to its Indian arm to adverse Supreme Court lawsuits and decided to value its shares of Vodafone Idea to zero. In addition, the British operator said it would have …
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