Vodafone Idea Limited tumbled 40 per cent to Rs 2.91 per share. At 11:35 am, the stock was trading 25.36 per cent lower at Rs 3.62 as compared to 2.06 per cent fall in Sensex. Bharti Airtel, on the other hand, fell as much as 5.03 per cent to Rs 431.25 after rising 4.28 per cent to Rs 478.40 immediately after the SC hearing.
Vodafone Idea recently computed its AGR dues at Rs 21,533 crore, way below the over Rs 58,000 crore pegged by the Department of Telecommunications (DoT).
The Supreme Court on Wednesday questioned the Solicitor General on telcos' self-assessments without permission of the court, calling it a contempt of court.
A three-judge bench led by Justice Arun Mishra, and comprising Justices S. Abdul Nazeer and M.R. Shah is hearing the matter. The same bench had backed the Department of Telecommunications (DoT) while ruling on October 24 that AGR should include non-core items, leaving the industry<\/a> in turmoil.
The wider definition of AGR left 15 telcos, including many that are now defunct, facing over Rs1.43 lakh crore in license fees, spectrum usage charge, interest and penalties. Vodafone Idea, Bharti Airtel and Tata Teleservices were the worst affected with combined dues of Rs1.19 lakh crore.
<\/body>","next_sibling":[{"msid":74686961,"title":"NTT Docomo to launch commercial 5G service in Japan this month","entity_type":"ARTICLE","link":"\/news\/ntt-docomo-to-launch-commercial-5g-service-in-japan-this-month\/74686961","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":74686846,"entity_type":"ARTICLE","title":"Vodafone Idea, Airtel stocks tumble after Supreme Court slams DoT on AGR self-assessment","synopsis":"Vodafone Idea tumbled 40 per cent to Rs 2.91 per share. At 11:35 am, the stock was trading 25.36 per cent lower at Rs 3.62 as compared to 2.06 per cent fall in Sensex. Bharti Airtel fell as much as 5.03 per cent to Rs 431.25 after rising 4.28 per cent to Rs 478.40 immediately after the SC hearing. ","titleseo":"telecomnews\/vodafone-idea-airtel-stocks-tumble-after-supreme-court-slams-dot-on-self-assessment","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-03-18 12:12:25","lastupd":"2020-03-18 12:17:43","breadcrumbTags":["AGR News","Airtel","AGR Supreme Court","Vodafone Idea","Industry","Stocks"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-airtel-stocks-tumble-after-supreme-court-slams-dot-on-self-assessment"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-airtel-stocks-tumble-after-supreme-court-slams-dot-on-self-assessment/74686846">