New Delhi, May 15 -- Debt-ridden Vodafone Idea saw its share price rise by 3.6% in Wednesday's session, May 15, closing at Rs.7.23 apiece. The boost in the stock came after the company filed a fresh petition in the Supreme Court seeking relief on AGR (Adjusted Gross Revenue) dues.
The company is requesting a waiver of over Rs.30,000 crore, primarily related to penalties and interest. In its petition, Vodafone Idea argued that the government is 'handicapped' in providing any relief due to the binding nature of the AGR judgment. The company has also sought an urgent hearing on the matter, scheduled for May 19, CNBC TV18 reported.
Meanwhile, on May 2, the company said its board had approved an amendment to the shareholders' agreement to en...
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