Vodafone Idea shares drop 4% after telco clarifies on treasury stock transfer report. Here's what it said

Posted 3 hours ago by

Economic Times

Shares of Vodafone Idea fell nearly 4 after the company clarified it had not received any communication from Vodafone Group regarding a reported stake transfer proposal. The clarification followed an 8 rally triggered by reports suggesting Vodafone Plc may transfer part of its stake to strengthen Vodafone Idea’s balance sheet and fundraising efforts.