Here’s why Vodafone Idea shares tanked over 10%

Vodafone Idea shares fell sharply on the stock market on Tuesday. The shares of the telecom firm tanked over 10 per cent and failed to recover. Here's why the company's shares fell sharply.

Shares of Vodafone Idea tanked over 10 per cent on the stock market after a weak opening on Tuesday. The ailing telecom firm’s shares were trading at Rs 7.37, down 10.67 per cent on the Bombay Stock Exchange at 2:40 pm. On the National Stock Exchange (NSE), the company’s stock was down 10.30 per cent.