Vodafone Idea shares tumble over 21 per cent, hit record low

Vodafone Idea shares tumble over 21 per cent, hit record low

Shares of Vodafone Idea and Bharti Airtel tumbled on Thursday, amid reports that the DoT has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court.

Vodafone Idea plunged 21.62 per cent to Rs 2.90, its record low, on the BSE. Bharti Airtel also fell 4.88 per cent to Rs 350.50.

The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source. The DoT has given option to telecom operators to clear all the dues on self-assessment basis.

The Supreme Court in its last month’s ruling said, “we give three months’ time to deposit the amount, which is due and compliance be reported.”

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