Shares of Vodafone Idea continued trading in the red as the stock crashed 15 percent in opening deals on BSE on February 18.
The stock has been in the negative territory since February 10 amid factors, including concerns over AGR dues and quarterly earnings.
The board of Vodafone Idea February 17 authorised the immediate payment of Rs 2,500 crore to the Department of Telecommunications (DoT) as a portion of the Adjusted Gross Revenue (AGR) dues.
According to a release filed with the exchanges, the company would pay another Rs 1,000 crore to the DoT before the end of the week.
The development comes after the DoT, on February 14, ordered telecom companies like Bharti Airtel and Vodafone Idea to clear their AGR dues before February 14 midnight.
Shares of Vodafone Idea traded 10.53 percent down at Rs 3.06 on BSE around 09:30 hours IST.
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