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WHY VODAFONE IDEA SHARE PRICES UP 15% TODAY ?

Vodafone won an intervention argument against the Indian government over review charge interest for around Rs 20,000 crore.

The Permanent Court of Arbitration in Hague decided for Vodafone, and the court administering held Indian expense office in break of reasonable treatment teaching

Vodafone had utilized the Netherlands-India Bilateral Investment Treaty to trigger a mediation over India utilizing the 2012 enactment that gave it forces to review charge bargains like its $11-billion obtaining of 67 percent stake in the cell phone business claimed by Hutchison Whampoa in 2007.

In 2016, Vodafone had moved the International Court of Justice (ICJ) because of an absence of agreement between the gatherings’ authorities in finishing an adjudicator for the assessment debate. It had tested the interest of Rs 7,990 crore in capital additions charges Rs 22,100 crore subsequent to including interest and punishment.

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