Vodafone Idea shares gain:

Vodafone Idea

Shares of Vodafone Idea rebounded more than 7 percent to Rs. 12.65 on the National Stock Exchange today after nosediving 20 percent on Tuesday as the company clarified that the government will not take over the operations of the telecom operator.

Vodafone Idea on Tuesday had said it has exercised the option to convert interest payable for the four years of deferment on the deferred spectrum installments and its adjusted gross revenue dues into equity that will see the government hold a 35.8 percent stake in the company, post-dilution.

News Source:- Moneycontrol

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