Vodafone Idea shares climb over 14.5% as telco to consider fund raising on Sep 4

Shares of Vodafone Idea climbed as much as 14.69 per cent in the early trade on Wednesday after the stressed telecom operator informed that its Board of Directors will meet on September 4 (Friday) to consider fund raising in one or more tranches through public issue, preferential allotment, private placement, including a qualified institutions placement (QIP) and/or through other instruments.

The Vodafone Idea stock rose 14.69 per cent to hit a high of Rs 10.15 per share on the National Stock Exchange (NSE), while on the BSE, it climbed 13.61 per cent to Rs 10.10 apiece. However, the stock trimmed some of its gains by late morning deals.