Vodafone Idea shares tank 27%; m-cap drops

New Delhi: Shares of Vodafone Idea on Monday cracked 27%, eroding Rs 7,126 crore from its market valuation, after the company’s first quarter revenue as well as subscriber base declined. The scrip tumbled 26.81% to close at Rs 6.77 on the BSE. During the day, it tanked 29% to Rs 6.56 — its 52-week low. On the NSE, shares dropped 27% to close at Rs 6.75 apiece. The massive selling in its share price also wiped out Rs 7,126.14 crore  from its m-cap. PTI

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