Vodafone Idea Stock Price Surges 2% To Fresh 52-Week High: Here’s Why
Telecom Major Vodafone Idea’s share price surged over 2% in early trade on Wednesday, December 31 after several reports surfaced, claiming that the Union Cabinet would consider the Adjusted Gross Revenue (AGR) matter today.
If the Union Cabinet decides to pick up this issue in today’s meet it is expected to eade the financial challenges that the company faces to counter duopoly in a pertinent sector. The cabinet could offer relief on interest and penalty on the company for its AGR dues.
On December 31, the Union Telecom Minister Jyotiraditya Scindia said that the centre has been making an effort to revive Vodafone Idea and BSNL to prevent the market from getting into a duopoly and continue to keep the market competitive to protect the…
