Vodafone Idea share price climbs over 2%; here’s why

Vodafone Idea share price climbed over 2 per cent in early trade on Tuesday, December 10, a day after the company announced its board of directors had approved the issuance of up to 175.53 crore shares on a preferential basis to two Vodafone Group entities to raise up to ₹1,980 crore. Vodafone Idea share price opened at ₹8.25 against its previous close of ₹8.10 and rose 2.35 per cent to the level of ₹8.29. Around 9:25 am, the stock traded 1.11 per cent up at ₹8.19 on the BSE.