Business Standard

Vi gains 10% on reports of Amazon & PEs Rs 20,000 crore investment plan

Sources say that the proceeds of the sale will be utilized to bid for the upcoming 5G spectrum auction and roll-out of services by end of the year.

vodafone, idea, VI

SI Reporter Mumbai
Shares of Vodafone Idea (Vi) gained 10 per cent to Rs 10.23 on the BSE in Tuesday’s intra-day trade, on the back of heavy volumes. The spike comes after a media report suggested that American retail major Amazon and a clutch of investors are in talks with Aditya Birla Group to invest up to Rs 20,000 crore in the wireless telephone company.

At 10:50 am; Vi traded 9 per cent higher at Rs 10.13, as compared to 0.23 per cent decline in the S&P BSE Sensex. In the past three days, the stock rallied 19 per cent. Data shows

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First Published: May 31 2022 | 11:18 AM IST

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