Vodafone Idea falls 9% as company likely fails to submit bank guarantees

Vodafone Idea shares dropped 9 per cent in the intraday trade on Monday, October 7, registering a low of Rs 8.91 per share. Vodafone Idea stock declined after the company missed the deadline to submit bank guarantees.

At around 1:04 PM, Vodafone Idea shares were down 7.14 per cent at Rs 9.10 per share. In comparison, the BSE Sensex traded 0.66 per cent lower at 81,068.39 around the same time.