Vodafone Idea shares drop 4% after telco clarifies on treasury stock transfer report. Here's what it said
- Posted on May 12, 2026
- By Business News Today
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- 1 min read
Vodafone Idea shares drop 4% after telco clarifies on treasury stock transfer report. Here's what it said
Shares of Vodafone Idea fell nearly 4% after the company clarified it had not received any communication from Vodafone Group regarding a reported stake transfer proposal. The clarification followed an 8% rally triggered by reports suggesting Vodafone Plc may transfer part of its stake to strengthen Vodafone Ideas balance sheet and fundraising efforts.
