BUZZ-India's Vodafone Idea slides on report top court rejects plea to recalculate dues

Shares of Vodafone Idea drop 5.3% to 8.18 rupees

India's top court rejected a review plea from telecom firms, including VODA and Bharti Airtel BRTI.NS, to recalculate the dues they owed to the government, Mint reports

BRTI stock unchanged

Telecom infra provider Indus Towers INUS.NS also falls 4%; analysts have said court decision makes it less likely for INUS to recover dues from VODA

Supreme Court had rejected an initial plea by the telcos to recalculate the dues in September

Debt-saddled VODA down 21% since Supreme Court's earlier order, while INUS declines 14%; BRTI up 3%