Vodafone Idea share price came under heavy selling pressure today (October 28). The shares of the telecom operator slipped over 10% in intraday trade today, after the Supreme Court’s written order on the telecom company’s adjusted gross revenue (AGR) plea failed to offer broad-based relief.

The stock hit a day’s low of Rs 8.21 on the BSE.

Why Vodafone Idea shares are under pressure

The fall in Vodafone Idea shares came after more clarity on the Supreme Court emerged. As per the written order from SC, the relief granted earlier this week is only in relation to its additional AGR demand of Rs 9,450 crore.

The Apex court noted that its consideration was based on the “peculiar facts and circumstances” of Vodafone Idea’s case and does not include the company’s earlier plea that sough

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