Vodafone Idea share price falls 4% even as company discloses plans of meeting institutional investors

Vodafone Idea shares declined nearly 4% on Thursday, March 12, tracking the sharp losses in the broader Nifty 50 index, even as the company said it will meet institutional investors next week, which appears to be an effort to tap new funding.

Vodafone Idea share price hit the day’s low of ₹9.35 on the BSE in early trade as against the last closing price of ₹9.71, shedding 3.7%.