Vodafone Idea slips 9% ahead of listing of shares allotted in FPO

Shares of Vodafone Idea slipped 9 per cent to Rs 13.09 on the BSE in Wednesday’s intra-day trade ahead of listing of fresh shares allotted in the company’s further public offer (FPO).

The shares allotted in FPO are expected to list on Thursday. The stock had rallied 12 per cent, on Tuesday, on strong foreign investor’s response for FPO.

At 02:58 pm; Vodafone Idea was trading 8.9 per cent lower at Rs 13.12 on the BSE, as compared to 0.17 per cent rise in the S&P BSE Sensex. A combined 1,664 million equity shares have changed hands on the NSE and BSE.