Vodafone Idea shares slump 12%: Supreme Court limit on AGR relief hits company stock; no mention of waiver on penalties or interest

NEW DELHI: Vodafone Idea’s shares tumbled 12.4 per cent to Rs 8.21 on the BSE on Thursday after the Supreme Court issued its written order on the company’s adjusted gross revenue (AGR) dues, curbing the extent of relief investors had anticipated. The clarification dented hopes of a broader reprieve for the debt-laden telecom operator. The written verdict stated that the Supreme Court’s October 27 order — allowing the Centre to reconsider Vodafone Idea’s AGR dues — applied only to this case’s specific circumstances. The review, the court said, was limited to the additional AGR demand of Rs 9,450 crore. The order made no reference to the company’s earlier plea seeking waiver of penalties, interest, or interest on penalty — a key relief analysts viewed as vital for easing its financial str