Vodafone Idea shares fell over 9% to a 52-week low of ₹8.91 amid reports of the DoT's notice for non-payment of bank guarantees for past spectrum dues. This is the fifth straight day of losses for the telecom player's stock.

Today's sharp fall in the stock price came after it was reported that the Department of Telecommunications (DoT) has issued a notice to Vodafone Idea.

This notice comes as the DoT discusses with the finance ministry the possibility of waiving the bank guarantee requirement, although no decision has been finalised.

Vodafone Idea shares fell following the DoT issuing a notice to the company for failing to submit bank guarantees covering past spectrum auction dues

Vodafone Idea shares are set to draw attention following the DoT issuing a notice to the company for failing to submit bank guarantees covering past spectrum auction dues. The situation arises as the DoT is currently in discussions with the finance ministry about potentially waiving the bank guarantee requirement.

Reports suggest that the Department of Telecommunications (DoT) issued a notice after Vodafone Idea failed to submit the required bank guarantees on time for spectrum dues from auctions held before 2022.