Vodafone Idea Limited witnessed an 8 percent surge to Rs 17.60 during morning trading on February 23, marking a second consecutive day of gains subsequent to a 6 percent increase in the preceding session.
The upward trend is attributed to an announcement made by the telecommunications company, stating that its board of directors is scheduled to convene on February 27 to deliberate on various proposals aimed at raising funds through a rights issue, further public offer, or private placement of shares. This includes options such as preferential allotment, qualified institution placement, or any other permissible mode.
