10/9/2024, 12:00:05 pm

Vodafone Idea Jumps Over 3% Amid Reports Of Funding Talks With PFC, REC

Shares of Vodafone Idea soared after reports said that the Indian telecom giant was in discussions with state-owned lenders Power Finance Corp (PFC) and REC to secure loans for its medium-term funding requirements. Vodafone Idea and its parent company, Aditya Birla Group (ABG), have been in discussions with PFC and REC for the past fortnight, according to a report by The Economic Times.