Vodafone stock soars on Amazon, Verizon buzz

Shares of Vodafone Idea (VIL) on Thursday spurted almost 30 per cent on reports of Amazon and US wireless carrier Verizon picking up a stake in the operator.

The rally in the counter also came on the eve of a board meeting that will consider various fund-raising options.

On the BSE, the stock zoomed 26.74 per cent or Rs 2.65 to close at Rs 12.56 . Intra-day, it had risen 29.96 per cent to Rs 12.88 — its 52-week high.

On the NSE, it gained 29.79 per cent to close at Rs 12.85.

In a late evening filing with the bourses, Vodafone Idea said it was constantly evaluates various opportunities as part of its corporate strategy but “there is no proposal as reported by the media that is being considered at the board”.