Vodafone Idea shares crash 20% as Supreme Court rejects AGR plea

Shares of Vodafone Idea (Vi) crashed around 20% on Thursday to hit a record low of ₹10.33. This comes after the Supreme Court rejected a plea filed by Bharti Airtel, Vi and other telcos which sought re-computation of adjusted gross revenue (AGR) dues. Shares of Indus Towers also recorded massive losses, falling over 13% to hit ₹366.30.