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Bharti Airtel scrip hit nearly 2-month low and was the top percentage loser on the NSE index. The company shares dropped as much as 4.4 per cent to Rs 397.90 rupees, its lowest since July 12.
The shares plunged as the Delhi High Court has dismissed Vodafone India's plea asking for more clarity on how the telecom regulator would decide whether to lower the interconnect usage charge (IUC), says a media report.
The telecom regulator is considering lowering the IUC - the charge paid by operator of the network from where a call originates to the telco where it terminates - to 7-8 paise from the current charge of 14 paise
Bharti Airtel stock posted biggest intraday percentage loss in over five months and was the top percentage loser on the NSE index. Rival Idea Cellular Ltd fell as much as 2 per cent to a three-week low.
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