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Google may buy stake in Vodafone Idea; stock hits upper circuit

May 29, 2020 11:21 IST

Google could acquire a 5% stake in Vodafone Idea, the Financial Times has reported. According to the average price of the Vodafone Idea stock in the past two weeks, a 5% stake sale could fetch the company around $101 million. The telecom joint venture of Vodafone Group Plc and the Aditya Birla Group is also in talks with private equity firms for potential investments, as per some reports. Shares of Vodafone Idea locked into the upper circuit of 10% on NSE and BSE right after the session started on Friday.

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