India's Indus Towers declines after unfavourable court decision for client Vodafone Idea

Vodafone Idea

19/05/2025 09:57

** Shares of Indus Towers INUS.NS drop 3% to 388.50 rupees

** India's top court rejects INUS client Vodafone Idea VODA.NS petition to waive dues of over $5 billion

** INUS was down 1.3% before news

** Analysts have said court decision makes it less likely for INUS to recover dues from VODA

** Analysts tracking stock rate it "hold" on avg - data compiled by LSEG

** Including day's losses, INUS' YTD gains narrow to 13.7% but outperform VODA's 9% drop

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))