Vodafone Idea shares surged on government investment news

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Vodafone Idea shares surged 10% to ₹7.27, hitting the upper circuit limit. This marks the third consecutive day of gains for the company's stock. The surge follows a report that the Indian government is seeking a strategic investor for Vodafone Idea, potentially investing $1 billion for a 12-13% stake. Vodafone Idea faces significant debt, with ₹83,400 crore owed for Adjusted Gross Revenue, and is exploring non-banking funding options.


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Vodafone Idea shares surged on government investment news | News Minimalist