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Vodafone Idea Shares Fall: Vodafone Idea shares came under heavy selling pressure on Tuesday after the government ruled out extending any relief package to the struggling telecom operator. The stock fell over 6 per cent in intraday trade on the BSE, touching a low of Rs 6.9 per share, its sharpest single-day decline in weeks. At 9:33 AM, Vodafone Idea was down 6.6 per cent.
The latest development has heightened concerns over the company’s already precarious financial position. Vodafone Idea continues to grapple with high debt levels, stiff competition from rivals Reliance Jio and Bharti Airtel, and outstanding dues linked to adjusted gross revenue (AGR). The government’s stance signals that the telco will have to rely on internal measures, fundraising, or market partnerships to stay afloat, rather than expect a bailout.
Analysts warn that unless Vodafone Idea secures fresh capital or improves operational performance, its long-term sustainability could remain under serious threat.
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