Mumbai, April 15 (IANS) Shares of Indus Towers came under pressure after Jefferies downgraded the stock to ‘Underperform’ from ‘Buy’ and slashed its target price, citing rising risks to growth, cash flows and valuations.The brokerage has cut its target price on Indus Towers to Rs 375 from Rs 530 — implying a downside of about 14 per cent from current levels.It said the downgrade reflects near-term uncertainties and structural pressures that could limit upside in the stock despite a stab…
Latest Vodafone Idea News & Updates
New Delhi, Jan 9 (IANS) Vodafone Idea said on Friday that its adjusted gross revenue (AGR) dues for the period FY 2006–07 to FY 2018–19 will remain frozen from December 31, 2025, and it will repay the liability in staggered instalments through 2041.Shares of the telecom operator rose in early trade, hitting an intraday high of Rs 12.40 on the BSE, up 7.8 per cent, and were trading at Rs 12.05 on the NSE at 9:55 a.m, up 4.78 per cent.Under the repayment plan, the company said in an exchange f…
New Delhi, Jan 1 (IANS) Vodafone Idea on Thursday said it has received a GST penalty order of Rs 637.91 crore, passed under Section 74 of the Central Goods and Services Tax Act (CGST), 2017.In an exchange filing, the telecom company said it received the penalty order from the Office of the Additional Commissioner, Central Goods and Services Tax (CGST), Ahmedabad South, on December 31.The order has been passed under Section 74 of the Central Goods and Services Tax Act, 2017, “confirming a penal…
Mumbai, Dec 31 (IANS) Vodafone Idea on Wednesday issued a clarification after media reports claimed that the Union Cabinet had approved a five-year moratorium and frozen the company’s adjusted gross revenue (AGR) dues at Rs 87,695 crore.In a stock exchange filing, Vodafone Idea said the reports were speculative in nature and that it had not received any official communication confirming such a decision.“We have not received any communication from the Government in relation to the above repor…
New Delhi, Dec 31 (IANS) In a major relief for debt-hit Vodafone Idea, the Union Cabinet on Wednesday approved a support package that freezes a large part of the telecom company’s adjusted gross revenue (AGR) dues.As per the decision, Vodafone Idea’s AGR dues amounting to Rs 87,695 crore have been frozen as of December 31, according to reports.These dues will not have to be paid immediately and will instead be repaid over a long period of 10 years, starting from the financial year 2031–32 …