Vodafone Idea shares soared up to 2.7% to its intraday high on the National Stock Exchange on June 26, today. The stock traded higher extending gains for the third straight session today. The latest gains in the stock came amid reports that the telecommunication company plans to raise ₹25,000 crore in loans from banks to boost its network infrastructure.
The stock has gained over 11% in these three trading sessions so far. At its day’s high the stock was over 16% higher than the 52-week low level and nearly 62% lower than the 52-week high level. It has lost over 57% in the last one year and nearly 8% in 2025 so far. However, it has gained over 8% in the last one month.
According to a report by Bloomberg, the telecom firm is in talks with lenders to borrow about ₹25,000 crore in loans and State Bank of India will likely lead a consortium of lenders. The anticipated fundraise is expected to be a mix of domestic and foreign loans with a tenor of about 10 years, the report added. In May, the company’s board of directors had approved raising ₹20,000 crore through equity or loans.
Earlier this year, the government increased its stake in the company to 49% by converting a portion of its spectrum–related liabilities into equity.
The recent surge in Vodafone Idea shares was fuelled by investor optimism after media reports on Tuesday claimed that the Central government is likely working on a relief package to ease the company’s regulatory burden.
However, the company denied the speculation by issuing a clarification. “We have not received any communication from the government in relation to the above reported matter. As and when there is any development which requires disclosure, we will do the needful,” the company had said in an exchange filing.
