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Vodafone Idea Ltd (VIL) shares rose nearly 4% on October 3 as Supreme Court is likely to hear on October 6 the telco's plea seeking the quashing of the additional adjusted gross revenue (AGR) demands for the period until 2016-17.
VIL shares, on October 3, closed 3.76% higher at Rs 8.84 apiece. The stock extended its gains for the second day after climbing nearly 5% on October 1.
According to the apex court's website, a bench headed by Chief Justice of India (CJI) B R Gavai has listed the fresh plea of the VIL for hearing on Monday, when the court reopens after the Dussehra break.
The top court deferred the hearing on September 26, after taking note of the submissions of