Vodafone Idea Share Price Live Updates: SC hearing on AGR dues may begin at 11 AM; Stock down nearly 4%

Vodafone Idea Share Price Live Updates:

The Supreme Court is set to hear the deb-ridden telecom company's plea against the Central government's Adjusted Gross Revenue (AGR) demand today.

The hearing, which has been deferred from last week, is likely to begin around 11 am today.

During the Supreme Court hearing last week, the Centre said it does not oppose Vodafone Idea's plea on the adjusted AGR dues. However, some solution was required as the Centre too is an equity holder in the company.

The Supreme Court had observed there had to be some finality to the proceedings and deferred the plea to Friday, September 26.

The Centre is the largest shareholder in Vodafone Idea as it holds a 49% stake in the company. However, it is not classified as a promoter.

Earlier this year, Central government ministers had told CNBC-TV18 on separate occasions that the Centre was not looking at extending further relief to Vodafone Idea and nor does it have plans to convert it into a public sector undertaking (PSU).