Vodafone Idea shares witness jump to 10 per cent over reports of equity infusion plan

Shares of Vodafone Idea shot up to 10 per cent in intra-day trades on Wednesday on reports of a Rs 14,000-crore equity infusion plan.

The investment will see the Aditya Birla group and Vodafone group putting Rs 2,000 crore as fresh equity into the telco, according to media reports.

The promoters had earlier infused Rs 5,000 crore as fresh equity after the government came out with its revival package in 2021. The company is now planning to raise Rs 7,000 crore from external investors either as direct equity or issue of convertible instruments.