Vodafone Idea shares surge after reports of bank guarantee waiver
SHARES of Vodafone Idea surged nearly 8 per cent on Tuesday amid reports that the Union Cabinet has waived the requirement to submit bank guarantees for spectrum purchased through auctions held before 2022.
The stock jumped 7.88 per cent to settle at Rs 7.53 apiece on the BSE. During the day, it soared 18.62 per cent to Rs 8.28.