Vodafone Idea shares tumbled 10% to Rs 11.8 in Thursday s NSE trading session following the listing of its follow-on public offer (FPO) shares on the bourses. However, the shares opened at a 7.2% premium compared to their FPO issue price of Rs 11.
The company, which has been struggling to hold on to subscribers amid very heavy competition in the sector, will focus on increasing its network and selectively introduce 5G services, Birla said.