For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Monday Blues For Vodafone Idea Stock As It Plunges Another 7%

|

Vodafone Idea shares continued to dive in trade, falling for the second day in a row. The stock was last quoting at 6.45, down almost 7 per cent in trade.

Monday Blues For Vodafone Idea Stock As It Plunges Another 7%
 

On Friday, the stock plunged immediately after news reports that the company may have to shut shop, if the government did not provide relief on the liability it faces in past statutory dues following a Supreme Court order, its billionaire chairman Kumar Mangalam Birla said on Friday.

"If we are not getting anything then I think it is end of story for Vodafone Idea," Birla said at the HT Leadership Summit when asked about the future of Vodafone Idea in absence of a government relief on payment of Rs 53,038 crore dues.

"It does not make sense to put good money after bad. That would be end of story for us. We will shut shop," he said in a response when asked if Vodafone Idea will put in more money.

GoodReturns.in

Read more about: vodafone idea shares stocks sensex nifty
Story first published: Monday, December 9, 2019, 11:14 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more