Vodafone Idea shares jump over 7% on likelihood of equity infusion by promoters

Vodafone Idea shares soared over 7% on the NSE after reports suggested that it is poised to receive a likely infusion of INR 14,000 crore in equity as part of its business revival plan. Sources suggest that Aditya Birla Group and Vodafone Group will invest INR 2,000 crore as fresh equity in the company while the promoters will work with the company to raise another INR 7,000 crore from external investors. Economic Times reported that Vodafone Idea is planning to make a total equity investment of INR 14,000 crore in the near future in an effort to revive the business.