Vodafone Idea shares surge over 14% in early trade. Here’s why

Vodafone Idea shares surged over 14 per cent in early trade on Thursday on the Bombay Stock Exchange (BSE). Here are some of the possible reasons behind the company's recent surge in share price.

Vodafone Idea (VI) shares surged sharply on Thursday to reach its highest value in over 2.5 years. The surge in VI's stock price is a result of the recent developments aimed at rescuing the struggling telecom service provider.

On the National Stock Exchange (BSE), shares of the telecom company were trading 13.29 per cent higher at Rs 16.20 at 11 am. The shares of the company were trading at over 14 per cent on the Bombay Stock Exchange (BSE) at Rs 16.32.