Business News | Shares of Vodafone Idea Drop 5.13% on Monday
Get latest articles and stories on Business at LatestLY. During the past five days, the shares of the telco had dropped 7.50 per cent while it lost 6.92 per cent during the last month.
Mumbai (Maharashtra) [India], January 9 (ANI): The shares of Vodafone Idea declined 5.13 per cent to Rs 7.40 apiece on BSE, on Monday.
During the past five days, the shares of the telco had dropped 7.50 per cent while it lost 6.92 per cent during the last month.
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Telecom operator Vodafone Idea had sought at least Rs 70 billion in emergency funds from local banks, which are however reluctant to extend fresh loans, according to media reports.
Two days ago, banks led by the State Bank of India said they were not in favour of taking further credit exposures to Vodafone Idea.
Lenders were awaiting further clarity on the status of the government's stake in Vodafone Idea and for the promoters of the company to bring in more equity capital, the report stated. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)