Vodafone Idea shares fall over 5% on rating downgrade

NEW DELHI: Shares of Vodafone Idea on Thursday fell over 5 per cent after Brickwork Ratings downgraded the telecom operator’s rating on non-convertible debentures (NCDs). Vodafone Idea shares plunged 5.56 per cent to Rs 7.31 apiece on the BSE. The stock touched a low of Rs 7.01, down 9.43 per cent over the previous close.

On the National Stock Exchange (NSE), the stock slumped 5.81 per cent to Rs 7.30 per unit. It hit a low of Rs 7, a loss of 9.67 per cent.