Vodafone could soon have another tough call to make in India. Since it unveiled a merger of its local business with Idea Cellular in 2017, the stock price has plummeted by about 90%. ugalani explains why more capital may be necessary.
Vodafone Idea shares closed down 3.6% on Aug. 27 at 5.30 rupees. They have fallen about 90% since Vodafone announced plans in March 2017 to merge its Indian business with Idea Cellular.Idea Cellular is 44% owned by Britain’s Vodafone and 27% by Aditya Birla Group.
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