Vi investors cheer on hope of AGR solution

Supreme Court.

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Chief Justice B.R. Gavai observed that since the court had already passed orders in four earlier petitions on the matter, there has to be finality. “Now, there has to be some final proceedings,” he remarked.

Shares of Vodafone Idea shot up 12.35% on the BSE, before shedding some gains to close 7.13% higher. The benchmark Sensex index closed 0.5% lower. The government came to own half of Vodafone Idea, after converting ₹53,083 crore of its dues into shares.