Vodafone Idea shares jump nearly 4% as SC to hear AGR case on August 30

Vodafone Idea shares climbed 3.6% to Rs 16.55 on the BSE following the Supreme Court's decision to schedule a hearing for the company's curative petition in the AGR case on August 30. Additionally, global brokerage Citi estimates that the potential benefit from this update could be Rs 4-5 per share or more for the company.

This development follows the Supreme Court's acknowledgment of Vodafone Idea's submission on July 15, which challenged the 2019 ruling regarding payments owed to the government.