Vodafone Idea climbs 6% as govt urges promoters to infuse cash

NEW DELHI: Shares of Vodafone Idea were in demand on Tuesday after reports said the government has asked its promoters to infuse cash into the company.

Media reports claimed that government officials urged its promoters to infuse as much as Rs 40,000 crore. Shares of the firm rallied nearly 6 per cent to Rs 12.12.

Earlier, many reports said Vodafone Group Plc and Aditya Birla Group were considering equity infusion into Vodafone Idea. Though the quantum was not as much as the government is seeking now.