Vodafone Idea shares jump 12% on buzz of $1 billion rescue bid, extend 3-day surge

Shares of Vodafone Idea surged as much as 12.5% on Friday to ₹7.45 on the BSE, extending a three-day rally, after The Economic Times reported the Indian government is seeking a strategic investor willing to inject $1 billion into the debt-laden telecom operator.

The stock has climbed more than 14% over the past three sessions, nearly 15% in the past five days, and 5% in the past month. Despite the rebound, shares remain down 8% in the past six months and 10% so far in 2025.