Vodafone Idea Shares Jump Nearly 14 Percent after Arbitration Win, Market Valuation Zooms Rs 3,563.86 Crore

An international arbitration tribunal ruled that India’s demand in past taxes were in breach of fair treatment under a bilateral investment protection pact. “The award is confidential but Vodafone can confirm that the tribunal has found (it) in Vodafone’s favour,” Vodafone Group said in a statement. “We are studying the lengthy documents and can make no further comment at this time.” It was not immediately known if the Indian government will abide by the arbitration award.

In trading volume terms, 1300.05 lakh shares were traded at the BSE and 50.63 crore units on the NSE during the day.

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