Vodafone Idea on radar after board gives nod to Rs 20,000 crore fundraise; what should investors do?
Vodafone Idea fund raise news: The Vodafone Idea stock dropped as much as 4.9 per cent to Rs 15.1 apiece in early deals on BSE, a day after the private sector telecom company's board gave a nod to a plan to raise funds up to Rs 20,000 crore through equity and or equity-linked instruments.
Vodafone Idea share price target: After the announcement, CLSA maintained a 'sell' call on the Vodafone Idea stock with a target of Rs 5. Image: Reuters