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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
09 July, 2025 19:06 IST
Vodafone Idea jumps nearly 4% on stake sale news
Source: IRIS | 20 Nov, 2020, 01.05PM
Rating: NAN / 5 stars.
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Shares price of Vodafone Idea, an India-based telecom service provider, jumped nearly 4% after the company sold its 11.5% stake in Indus Towers for Rs 37.6 billion. The merger of Indus Tower and Bharti Infratel to create a mega tower company has been completed.  In accordance with the terms of the agreement and out of the consideration received from Infratel, the Company has made a prepayment of Rs. 24 billion which will be adjusted in line with terms of the agreement.

Shares of Vodafone Idea are trading at Rs 9.61, up Rs 0.34, or 3.67% at the Bombay Stock Exchange (BSE) on Friday at 11:30 a.m.

The scrip has touched an intra-day high of Rs 9.70 and low of Rs 9.50.

The total volume of shares traded at the BSE is 43,662,792.

In the earlier session, the shares gained 0.76%, or Rs 0.07, at Rs 9.27.

Currently, the stock is trading down 28.55% from its 52-week high of Rs 13.45 and above 239.58% over the 52-week low of Rs 2.83.

   

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