Vodafone Idea Shares Snap Rally Amid Legal Challenges
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BTCCSquare news:
Vodafone Idea Ltd. shares retreated 1.23% to ₹8.04 in afternoon trading, halting an eight-session surge that had propelled the stock over 20%. Trading volumes remained robust at 6,451 lakh shares, with buy orders totaling seven crore shares against sell orders of 9.6 crore shares.
The telecom operator faces renewed regulatory pressure, having petitioned India's Supreme Court to challenge a ₹9,450 crore ($1.1 billion) adjusted gross revenue demand from the Department of Telecommunications. The legal showdown comes as the stock oscillates between its yearly high of ₹13.50 and August's low of ₹6.12.
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