<p class="title">Shares of Vodafone Idea on Thursday fell over 9 per cent in early trade after Care downgraded its rating citing the recent Supreme Court ruling on adjusted gross revenue (AGR) issue.</p>.<p class="bodytext">Shares of the telecom operator slumped 8.66 per cent to Rs 3.48 apiece - its 52-week low - on the BSE.</p>.<p class="bodytext">Similarly, the stock declined 9.2 per cent to Rs 3.45 on the NSE.</p>.<p class="bodytext">Vodafone Idea had on Wednesday said Care Ratings has downgraded its rating on 'long-term bank facilities' and non-convertible debentures', citing the recent court ruling on the AGR, and extension of timelines with regard to the sale of Indus Tower stake to Bharti lnfratel.</p>.<p class="bodytext">According to the telecom department's initial calculations, Vodafone Idea may have to pay about Rs 40,000 crore, while Bharti Airtel faces a liability of around Rs 42,000 crore (including licence fees and spectrum usage charges).</p>
<p class="title">Shares of Vodafone Idea on Thursday fell over 9 per cent in early trade after Care downgraded its rating citing the recent Supreme Court ruling on adjusted gross revenue (AGR) issue.</p>.<p class="bodytext">Shares of the telecom operator slumped 8.66 per cent to Rs 3.48 apiece - its 52-week low - on the BSE.</p>.<p class="bodytext">Similarly, the stock declined 9.2 per cent to Rs 3.45 on the NSE.</p>.<p class="bodytext">Vodafone Idea had on Wednesday said Care Ratings has downgraded its rating on 'long-term bank facilities' and non-convertible debentures', citing the recent court ruling on the AGR, and extension of timelines with regard to the sale of Indus Tower stake to Bharti lnfratel.</p>.<p class="bodytext">According to the telecom department's initial calculations, Vodafone Idea may have to pay about Rs 40,000 crore, while Bharti Airtel faces a liability of around Rs 42,000 crore (including licence fees and spectrum usage charges).</p>