Vodafone Idea jumped to 15%. Portions of Vodafone Idea Ltd on Thursday jumped almost 15 percent after British telecom goliath Vodafone Plc said it has propelled mixture of USD 200 million (about ₹1,530 crore) in its Indian joint endeavor with Aditya Birla Group, that is confronting a humongous obligation of past legal levy.
The scrip progressed 14.89 percent to ₹4.55 on the BSE. At the National Stock Exchange, it climbed 13.92 percent to ₹4.50. Vodafone Group, in an announcement, said it has “quickened this installment to give Vodafone Idea liquidity to deal with its activities, and to help roughly 300 million Indian residents who are Vodafone Idea clients just as the a large number of Vodafone Idea representatives during this period of crisis wellbeing measures, taken because of the COVID-19 pandemic.”
“Vodafone Group declares that it has quickened an installment of USD 200 million to Vodafone Idea, which was expected in September 2020 under the details of the unexpected obligation system with Vodafone Idea,” the announcement said. Vodafone Group plc is a multinational telecommunications company. Its registered office is located in Newbury, Berkshire, England and its global headquarters is based in London, England. It predominantly operates services in the regions of Asia, Africa, Europe, and Oceania.