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

Vodafone Idea’s stock plunged after the Supreme Court’s written order clarified that relief on adjusted gross revenue dues was limited to a specific Rs 9,450 crore demand. Hopes for a broader waiver of penalties and interest, crucial for the debt-laden firm’s survival, were dashed, impacting investor sentiment and share prices.