Vodafone Idea shares jump 5% as JSW, ST Telemedia eye stake in the telco

Shares of Vodafone Idea (Vi) jumped more than 5% on Monday after The Economic Times reported that Singapore-based ST Telemedia and India’s JSW Group, among a few other domestic and global investors, are in talks with the telecom giant for a potential stake acquisition.

The talks are currently exploratory, and there is no certainty they will result in a deal, people familiar with the matter told ET. The renewed investor interest in the loss-making company comes after it received substantial financial relief earlier this year from the government, which is also its largest shareholder.