Vodafone Idea Ltd has announced a conference call with analysts and investors on September 23, following recent developments concerning the Supreme Court’s dismissal of pleas related to Adjusted Gross Revenue (AGR) dues. The call is set to take place between 2:30 pm and 3:00 pm IST, and the company’s CEO, Akshaya Moondra, and CFO, Murthy GVAS, will address the participants.
The announcement comes after the telecom firm’s shares faced significant selling pressure, dropping nearly 20% in the last two trading sessions post-verdict. The Supreme Court had rejected Vodafone Idea and other telecom companies’ pleas to correct errors in the calculation of AGR dues. Vodafone Idea’s total liability stands at Rs 58,254 crore. The company’s shares closed 1.35% higher at Rs 10.52 on September 20.
Vodafone Idea’s management is expected to provide an update on these recent developments during the call, shedding light on how the company plans to navigate the impact of the court’s decision on its financials and future strategies.
