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Grasim plunges 6% on worries over its investment in Vodafone Idea

Updated : January 17, 2020 11:58 AM IST

The worries are that the company may have to write off its investments in a situation which could lead to Vodafone Idea going bankrupt as the Supreme Court upheld its October 24 ruling on adjusted gross revenue (AGR).
Grasim holds 11.55 percent stake in Vodafone Idea.
Vodafone Idea shares tanked as much as 40 percent intraday in trade on Friday.
Grasim plunges 6% on worries over its investment in Vodafone Idea

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