vodafone idea stock price

Vodafone Idea shares rise 13% after Care upgrades long-term ratings

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Vodafone Idea shares rise 13% after Care upgrades long-term ratings

Vodafone Idea share price surged 13.26 per cent intraday, reaching the day’s high of ₹15.05 on the NSE after CARE Ratings’ upgraded the company’s Long Term Bank Facilities from B+ to BB+, maintaining a stable outlook. Additionally, the Short Term Bank Facilities were upgraded from A4 to A4+. The company announced after the market hours … Read more

Vodafone Idea’s board approved a ₹20,000 crore fundraise. Then its stock crashed 14% in a day.

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Vodafone Idea’s board approved a ₹20,000 crore fundraise. Then its stock crashed 14% in a day.

Amid heightened competition in the telecom sector, raising funds is crucial for Vodafone Idea Ltd’s (VIL’s) survival. However, investors were visibly disappointed after the company announced that the board of directors had approved a fundraise of up to ₹20,000 crore through equity or equity-linked instruments, causing VIL’s shares to plunge almost 14% on Wednesday. What … Read more