Mumbai: Shares of the idea of Vodafone continued to fall on Wednesday because Aditya Birla Chief Group Kumar Mangalam Birla offered to hand over ownership in a company driven by a debt to government entities in an effort to keep the company operate.
Around 12.05 a.m., the shares of Vodafone ideas on BSE traded at Rs 6,12, lower than 17.30 percent from the previous closure.
Previously on that day, they touched the lowest level of 52 weeks of Rs 6.03 per share.
Vodafone’s idea that has been in a weak financial form owed Rs 50,399.63 Crore as AGR contributions.
It has already paid Rs 7,854.37 Crore.
In his letter to the Cabinet Secretary, Birla warned “towering crisis” and offered to transfer 27.66 percent of its shares on Telco for “every public sector / government / domestic financial entity, or others can consider appropriate, – to maintain (vil) away “.
The company’s market capitalization has declined to Rs 17,614.79 Crore.
The idea of Vodafone continues to fall, plunge 17%
