Vodafone Idea share price surge 10 per cent

Vodafone Idea share started trading on a positive note at 12.10 and surged to a high of 13.30.
Representative image (MINT_PRINT)
Representative image (MINT_PRINT)
Published on Jan 12, 2022 03:07 PM IST
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ANI | , New Delhi

Share price of Vodafone Idea surged by over 10 per cent on Wednesday a day after the company announced that it has opted to convert interest on adjusted gross revenue (AGR) and spectrum dues into government equity.

Vodafone Idea share started trading on a positive note at 12.10 and surged to a high of 13.30.

At 2.22 pm at the Bombay Stock Exchange the share of Vodafone Idea was trading at 12.90, which is 9.32 per cent higher from its previous day's close at 11.80.

The share price of Vodafone Idea had slumped by around 20 per cent on Tuesday.

Following the company's Board decision to opt for conversion of the government dues into equity, the Government in India is set to become the largest shareholder in Vodafone Idea by controlling around 35.8 per cent equity stake. 

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Tuesday, January 25, 2022