Vodafone Idea Share Price Highlights: VI shares settle below ₹8 apiece, drop 1.24%

Vodafone Idea share price dipped on Tuesday after the sharp rally in the telecom shares on Monday. The stock hogged the limelight in yesterday’s trade after the Government of India officially raised its stake in the cash-strapped telco to 48.99% from 22.60%, by converting a part of its spectrum payment dues into equity shares valued at ₹36,950 crore. Vodafone UK’s shareholding in Vi decreased to approximately 16.1% from around 24.4% prior to the transaction, while the Aditya Birla Group’s stake reduced to 9.4% from just over the current 14%.

Vodafone Idea Share Price Update