Vodafone Idea hits new low, trades near rights issue price of Rs 12.5

The stock hit a new low of Rs 13, down 10 per cent intra-day on the National Stock Exchange on Tuesday.

Shares of Vodafone Idea hit a new low of Rs 13 apiece, plummeting 10 per cent intra-day on the National Stock Exchange (NSE) on Tuesday, due to heavy volume trade. The stock of the telecom services provider was trading close to its rights issue price of Rs 12.50 per share.

At 01:50 pm, Vodafone Idea was trading 5 per cent lower at Rs 13.70 on the bourse, as compared to a 0.65 per cent rise in the Nifty50 index. As per data available on the exchanges, a combined 159 million shares changed hands on the counter of the NSE and