shares of vone idea limited have fallen almost 5% on Friday since the morning session the stock was trading at 1547 rupees a share down from 16.16 its opening price in the morning today this was in stark contrast since yesterday when the share price of the company Rose 3.6% to the days high of 16.55 rupees a share on the BC but today was a different day anist believ that first The Surge and then the fall in the share price was based on one particular reason the Supreme Court had considered hearing the Deb Laden telco's Curative petition in the adjusted gross revenue case on August 30th which is today a three judge Supreme Court bench headed by the Chief Justice Dy chandur heard the Curative petition filed by Telecom players including vhone idea in the AGR case at 1:30 p.m. today as per media reports the teles in a Curative petition have conveyed that the AGR matter has vast implications and the matter needs to be heard in an open court according to the reports vhone ideas Curative petition seeks correction of any errors in the AGR demand calculations along with a reduction of the penalty to 50% of the total shortfall amount the petition also seeks an adjustment of the interest rate on the penalty 2% above the sbi's prime lending rate here are the key highlights of the AGR case which has been haunting not only Vodafone but also the Telos in general in 2019 the Apex code ruled that AGR which is used to calculate the annual license fee to be paid by telecom companies to the government should be based on a company's total revenue and not just revenue from Telecom services this allowed the center to seek additional monies from the Indian telecom companies the department of Telecom had estimated that AEL owed 43,98221 [Music] to the company's assessment of 2,533 cror tataat teleservices faced a demand of 16798 crores whereas its own calculations were around 2200 CR rupees on July 15 this year the Supreme Court acknowledged vone ideas submission that challenged the 2019 ruling on payments owed to the center the government stake in the company came down to 23.8% from about 33% after the follow on public offering in April 2024 this helped vone idea raise 18,000 rupees since April the company has raised 24,000 CR rupees including a 275 CR Equity infusion from the ad Bera group The developments with vone idea could indirectly benefit Indus Towers 2 since indust tow is now a subsidary of bti a the decision would have an impact on the code 2 the vone idea stock along with bti air will be keenly watched next week as the markets open [Music] [Applause]