Vodafone Idea shares rise on news reports of relief measures by PMO
Stock Market Today: Vodafone Idea shares gained in the morning trade on Friday, August 22, despite the weak Indian stock market, after news reports suggested relief measures are likely to be announced by the prime minister’s office (PMO).
The market expectations remain high on some government measures to support the debt-laden Vodafone Idea. The significantly high government dues on Vodafone Idea include AGR dues and deferred spectrum to be paid over the years. A Mint report suggests that some relief measures will be announced by the prime minister’s office, which lifted the investors’ hopes.
