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Vodafone Shares Plunge: Supreme Court Ruling Shocks Market
Friday, Jun 6, 2025 6:30 am ET1min read
Vodafone Group Public Limited Company fell 1.86% in premarket trading. The Supreme Court of India dismissed writ petitions filed by major telecom players, including Idea Ltd., challenging the imposition of interest, penalties, and interest on penalties on Adjusted Gross Revenue (AGR) dues. This decision reinforces the financial liabilities that Vodafone Idea Ltd. must face, which is likely contributing to the stock's decline.
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