Vodafone Idea jumps over 10% ahead of board meeting to mull fundraise

Shares of Vodafone Idea NSE 2.21 % jumped 10.4% to Rs 7.08 in Monday’s intraday trade on BSE ahead of its board meeting to raise funds.

Debt-ridden Vodafone Idea’s board will meet on Tuesday to discuss a proposal to issue Rs 1,600 crore debentures to mobile tower vendor ATC Telecom Infrastructure.