Vodafone Idea shares decline nearly 2 pc

Shares of Vodafone Idea declined almost 2 per cent on Wednesday after Ericsson India sold nearly 1 per cent stake in the debt-ridden telco for Rs 428 crore through an open market transaction.

The stock dropped 1.91 per cent to Rs 6.65 on the BSE.

At the NSE, it dipped 1.77 per cent to Rs 6.65.

According to the bulk deal data available on BSE on Tuesday, Ericsson India offloaded more than 63.37 crore shares, amounting to a 0.9 per cent stake, in Mumbai-based Vodafone Idea.