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Vodafone Idea Shares Hit 52-Week Low After DoT Notice
Vodafone Idea in talks with DoT for removal of bank guarantee norms
The company clarified after several media outlets reported that the DoT issued a notice to the telco to pay bank guarantees
Vodafone Idea Plunges to 52-Week Low After DoT Notice Over Spectrum Dues
Vodafone Idea (NS:VODA)'s shares dropped by 6.3%, hitting a 52-week low of INR 9.1 in early trading after the Department of Telecommunications (DoT) issued a notice regarding non-payment of bank guarantees.
Vodafone Idea shares plunge 9%, hit 52-week low amid reports of notice from DoT over non-submission of bank guarantee
Vodafone Idea shares fell over 9% to a 52-week low of ₹8.91 amid reports of the DoT’s notice for non-payment of bank guarantees for past spectrum dues. This is the fifth straight day of losses for the telecom player’s stock.
DoT issues notice to Vodafone Idea for non-submission of bank guarantees: Report
This notice comes as the DoT discusses with the finance ministry the possibility of waiving the bank guarantee requirement, although no decision has been finalised.
Vodafone Idea in talks with DoT to remove bank guarantee for spectrum acquired before 2022
Vodafone Idea also stated that it continues to engage with the DoT for the removal of bank guarantee requirements for spectrum acquired before 2022.
Vodafone in negotiations with DoT to remove bank guarantee
The telecom operator also noted that when the DoT makes a final decision, it will make all relevant disclosures as required by law.
Vodafone Idea Shares Hit 52-Week Low After DoT Notice; Plunge 7% Amid Bank Guarantee Woes
The shares of telecom operator Vodafone Idea plunged sharply on Monday (October 7), losing over 7 per cent and hitting a 52-week low of Rs 8.90 on the National Stock Exchange (NSE). The sudden decline in the share price of the company comes after a notice from the Department of Telecommunications (DoT) regarding the company’s failure to submit
Vodafone Idea stock in focus after DoT issues notice over bank guarantee non-submission
Vodafone Idea shares are set to draw attention following the DoT issuing a notice to the company for failing to submit bank guarantees covering past spectrum auction dues. The situation arises as the DoT is currently in discussions with the finance ministry about potentially waiving the bank guarantee requirement.
2h
on MSN
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Vodafone Idea shares fall below ₹10 to a 52-week low; Here's why
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