Explained: Why Vodafone Idea shares plunged over 10%
Shares of cash-strapped telecom major Vodafone Idea on Tuesday nosedived over 10 per cent during the day after reports that the group's chairman has offered to hand over his shares in the company. During the day, the stock plunged about 13.09 per cent to hit its 52-week low at Rs 7.17 on the BSE. It then rebounded a bit to close 10.3 per cent lower at Rs 7.4 on both the indices.
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Shares of cash-strapped telecom major Vodafone Idea on Tuesday nosedived over 10 per cent during the day after reports that the group's chairman has offered to hand over his shares in the company. During the day, the stock plunged about 13.09 per cent to hit its 52-week low at Rs 7.17 on the BSE. It then rebounded a bit to close 10.3 per cent lower at Rs 7.4 on both the indices.
