Vodafone Idea Shares Zoom During Intra-Day Trade

Shares of telecom company Vodafone Idea (VI) rose around 10 per cent in intra-day trade on Tuesday

Shares of telecom company Vodafone Idea (VI) rose around 10 per cent in intra-day trade on Tuesday over media reports that American retail giant Amazon and a group of investors are in negotiations with Aditya Birla Group for investing around Rs 20,000 crore in it. 

Vodafone Idea shares jumped 10 per cent in morning trade to touch Rs 10.20 on the National Stock Exchange (NSE).

The company's shares had opened at Rs 9.30 per share on the NSE, rose to Rs 10.20 per share levels and finally closed at Rs 9.55 per share.

According to media reports, Amazon is in talks with Aditya Birla Group to pump in around Rs 20,000 crore in the beleaguered company.