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Idea shares jump 6%; mcap surges by Rs 1,594 cr

Press Trust of India  |  New Delhi 

of soared nearly 6 per cent today after shareholders of the telecom operator approved the scheme relating to the of its mobile business with Vodafone

The stock jumped 5.91 per cent to end at Rs 78.90 on During the day, it soared 8 per cent to Rs 80.50.


At NSE, of the company zoomed 5.83 per cent to close at Rs 78.90.

The company's market valuation rose by Rs 1,593.6 crore to Rs 28,460.60 crore.

In terms of equity volume, 34.25 lakh of the company were traded on and over 2 crore changed hands at during the day.

Over 99 per cent of Idea shareholders voted in favour of the at the shareholders' meeting on October 12, 2017, the filing by the firm stated today.

Earlier this year, Vodafone and had agreed to merge their operations to create the country's largest telecom operator worth of more than USD 23 billion with a 35 per cent market share.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 13 2017. 18:07 IST
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