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.
Vodafone Idea stock kicked-off the trading session at Rs 11.80 at initial tick but was seen at Rs 13.10 in a few minutes, as the session progressed and buyer lapped up the shares near the FPO price of Rs 11. The stock was settled at Rs 13.10 in the previous trading session on Wednesday.