Vodafone Idea denies tie-up with Elon Musk's Starlink. Share dips

livemint.com:

Stock market today: Vodafone Idea share price tumbled after the telecom company rebutted media reports about any possible tie-up with Elon Musk's Starlink. Vodafone Idea share price touched its intraday low of ₹15.95 apiece on NSE, losing around 5 per cent against its Monday close of ₹17 per share. Vodafone Idea's rebuttal came in its stock market's exchange filing on Tuesday in which the telecom company said that it was not in any such discussion with the named party.

We are not aware of the basis of the said news item. Vodafone Idea told Indian stock market exchanges while replying to the clarification sought by Indian capital market regulator Securities and Exchange Board of India (SEBI). Also Read: Why Indian stock market is down today? Experts list out these two reasons While replying to the clarification sought by SEBI, Vodafone Idea said, "This has reference to clarification sought about the news item .......

dated 29 December 2023 captioned "Elon's Starlink Tie-Up Talks In Market Pumps Vodafone Idea To The Skies In India". In this regard, we would like to submit that the Company is not in any such discussion with the named party. We are not aware of the basis of the said news item.