SC junks pleas of telecom firms, share prices tumble
Ahmedabad Mirror|September 20, 2024
Vodafone Idea slumps nearly 20%; Indus Towers plunges 9%
SC junks pleas of telecom firms, share prices tumble

Shares of Vodafone Idea and Indus Towers tumbled on Thursday as in a jolt to telecom firms, the Supreme Court dismissed a batch of pleas filed by these companies, seeking correction of alleged errors in the adjusted gross revenue.

The stock of Vodafone Idea slumped 19.60% to settle at Rs 10.38 on the BSE. During the day, it dropped 22.15% to hit a 52-week low of Rs 10.05.

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