Vodafone Idea up 15% on reports of Google eyeing 5% stake in the company

Shares of Vodafone Idea rallied 15 per cent at Rs 6.69 at 09:45 am on the BSE on Friday, after reports said that the global technology giant Google is in talks to buy a 5 per cent stake in the company, owned by Vodafone Plc of the UK and Aditya Birla Group. The stock trades in the futures & option (F&O) segment, which has no circuit limits.

Till 09:16 am, a combined 10.77 million equity shares changed hands and there were pending buy orders for 258 million shares on the NSE and BSE, the exchange data shows.

The telecom services provider’s stock was trading at its highest level since March 16, 2020. Since April 1, the stock price has more-than-doubled from Rs 3.04, as compared to a 13.4 per cent rise in the S&P BSE Sensex.