Vodafone Idea, Reliance Communications hit new lows

Vodafone Idea hit a new low of Rs 16.40, falling 10 per cent in past three trading days, after the stock turned ex-date for rights issue on March 29

Shares of telecom services provider Vodafone Idea and Reliance Communications (RCom) have hit their respective new lows on the BSE in an otherwise strong market. At 11:03 am, the S&P BSE Sensex was up 0.44 per cent or 171 points at 39,228.

Vodafone Idea hit a new low of Rs 16.40, down 3 per cent, on the BSE on Wednesday, falling 10 per cent in past three trading days, after the stock turned ex-date for rights issue on March 29.

The company's board of directors had approved Rs 25,000-crore rights issue on March 20. The company's shareholders would be able