India's Vodafone Idea slides on report top court rejects plea to recalculate dues

Indus Towers

14/02/2025 07:27

** Shares of Vodafone Idea drop 5.3% to 8.18 rupees 
    ** India's top court rejected a review plea from telecom
firms, including VODA and Bharti Airtel  BRTI.NS , to
recalculate the dues they owed to the government, Mint reports 
    ** BRTI stock unchanged
    ** Telecom infra provider Indus Towers  INUS.NS  also falls
4%; analysts have said court decision makes it less likely for
INUS to recover dues from VODA
    ** Supreme Court had rejected an initial plea by the telcos
to recalculate the dues in September
    ** Debt-saddled VODA down 21% since Supreme Court's earlier
order, while INUS declines 14%; BRTI up 3%
    


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))