Vodafone Idea has called for an urgent investor meet after the Supreme Court's AGR ruling debacle that threw its shares sharply below the Rs 10-mark. The investor meet has been called on to discuss what the company has referred to as "recent events".

Mumbai: Financially troubled telecom operator Vodafone Idea (Vi) has scheduled an unexpected meeting with investors and analysts on September 23. In a stock exchange filing, Vi stated that the 30-minute call will focus on "recent events." The discussion will have CEO Akshaya Moondra and CFO Murthy GVAS, along with other senior executives.

A curative plea was rejected by a three-judge bench and is the final nail in the coffin in as much as any reconsideration of the AGR case is concerned.

While Nomura has upgraded shares of Vodafone Idea, Goldman Sachs still has a sell rating with a ₹2.5 price target.

Vodafone Idea shares fell nearly 20% in the last two days as SC dismissed a batch of pleas seeking correction of alleged errors in the Adjusted Gross Revenue

Vi shares plummeted nearly 20 per cent on Thursday’s trade to close at ₹10.38 on the BSE after the Supreme Court dismissed pleas filed by telecos seeking correction of alleged errors in the adjusted gross revenue (AGR). The move has invited mixed opinions from brokerages.

Shares of Vodafone Idea have declined as much as 6% on Thursday after the Supreme Court upheld the Adjusted Gross Revenue ruling against the telecom companies and upheld the quantum of the AGR demand.

The lowest price target has been given by Goldman Sachs, with a 'Sell' rating, as it sees no government support/relief in AGR liabilities

Telecom major Vodafone Idea Ltd. has called for an urgent meeting with investors and analysts, scheduled for Monday, September 23, 2024. "Vodafone Idea Limited will host a conference call with its senior management on Monday,