Published on 24/07/2018 1:59:14 PM | Source: Dion Global Solutions Ltd

Idea Cellular soars 18% as company clears DoT dues

Posted in Stock On The Move| #Idea Cellular Ltd #Stock On The Move

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Shares of Idea Cellular zoomed nearly 18 per cent on the Bombay Stock Exchange after media report suggested that the company along with Vodafone India cleared pending dues of Rs 7,268 crore with the telecom department, paving the way for their merger.

Cheering the news, stocks of the company gained as much as 17.75 per cent and touched an intra-day high of Rs 62.00 apiece on the Bombay Stock Exchange. In a similar trend, shares of the firm were trading 11.32 per cent higher at Rs 58.50 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 36,791.39, up 72.79 points, or 0.20 per cent at 13:20 hours.