Voda Idea shrugs off rental default report, recovers 12% from day's low

Vodafone Idea has been facing a financial crunch since the Supreme Court ordered it to pay Rs 54,000 crore as AGR to the government

Shares of Vodafone Idea bounced back 12 per cent from its intra-day low on Friday after initially falling over 7 per cent after media reports suggested that telecom services providers defaulted on rental, energy payments for June to tower firms.

The stock had fallen as low as Rs 8.75 on the BSE in intra-day trade before bouncing back as much as 12 per cent to Rs 9.80 levels.

At 12:58 pm; Vodafone Idea was trading 3.7 per cent higher at Rs 9.72, as compared to 0.53 per cent decline in the S&P BSE Sensex. The counter has seen