Vodafone Idea shares dip, company denies sale to US telecom majors
Stock market today: Vodafone Idea shares today witnessed sell off pressure during stock market's opening bell today. Vodafone Idea share price today opened with upsiee gap but soon witnessed heavy sell off and hit intraday low of ₹11040 apiece levels on NSE, logging around 2.50 per cent dip against its Friday close of ₹11.70 apiece on NSE. However, the Indian telecom major witnessed some buying at its intraday low and pared some of its early morning losses.
On weekend, some media reports were doing the round that some US telecom majors — Verizon, Amazon, or Starlink are in race to acquire the Indian telecom company. However, the Indian telecom major denied such reports while sharing its clarigication on the matter with Indian stock market exchanges. Vodafone Idea Ltd denied any such development citing, "This is in relation to News Item titled "Vodafone Idea to be acquired by a US telecom giant Soon? Verizon, Amazon, or Starlink, in the race", which is doing rounds in electronic and social media.
We wish to submit that the said News Item is incorrect. The Company is not in any such discussion with any of the named parties." On Saturday, Vodafone Idea Ltd had informed exchanges that it has made the payment of ₹1,701 crore, including interest, to the department of telecom (DoT) with regards to the 2022 spectrum auction instalment. Vodafone Idea informed Indian exchanges about the payment citing, "We wish to inform that the Company has today, i.e.
Read more on livemint.com
