Vodafone Idea shares jump over 19 per cent

Shares of Vodafone Idea on Tuesday ended over 19 per cent higher as the government’s stake in the firm will more than double to 48.99 per cent as it is set to acquire shares worth `36,950 crore in lieu of outstanding spectrum auction dues.

The stock surged 18.94 per cent to settle at `8.10 apiece on the BSE. During the day, it jumped 25.84 per cent to `8.57. On the NSE, shares rallied 19.11 per cent to settle at `8.10 each. Intra-day, the stock soared 25.88 per cent to `8.56. The company’s valuation climbed `9,209.71 crore to `57,828.36 crore. In volume terms, 3,521.06 lakh shares of the firm were traded on the BSE and 23,006.70 lakh shares on the NSE during the day.