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Vodafone Idea stock tanks over 17% as debt-laden telco seeks help

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Shares of Vodafone Idea (VI) tanked over 17 per cent on Wednesday as the cash-strapped telecom company approached the government for help to sustain operations. At 11:55 am, shares of the company fell sharply by nearly 17 per cent on the Bombay Stock Exchange (BSE). The share price of the company dipped to Rs 6.12. On…

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Here’s why Vodafone Idea shares tanked over 10%

Posted on Posted in Business by 43 views

Shares of Vodafone Idea tanked over 10 per cent on the stock market after a weak opening on Tuesday. The ailing telecom firm’s shares were trading at Rs 7.37, down 10.67 per cent on the Bombay Stock Exchange at 2:40 pm. On the National Stock Exchange (NSE), the company’s stock was down 10.30 per cent. WHY DID…

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