Vodafone Idea shares plunge nearly 8% post Q1 loss

Advertisements for Vodafone India Ltd. and Idea Cellular Ltd. are displayed on a street in Mumbai, India, on Tuesday, Nov. 15, 2011. The wireless market in India, Asia's third-biggest economy, is forecast by research firm Gartner Inc. to exceed 872 million active users by the end of 2014. Photographer: Dhiraj Singh/Bloomberg

The stock plunged 7.39 per cent to Rs 7.64 on the BSE in early trade. On the NSE, it cracked 7.87 per cent to Rs 7.60.

Shares of Vodafone Idea on Friday tumbled nearly 8 per cent after the company reported widening of net loss to Rs 25,460 crore in the June quarter.

The stock plunged 7.39 per cent to Rs 7.64 on the BSE in early trade.

On the NSE, it cracked 7.87 per cent to Rs 7.60.

Vodafone Idea, after market hours on Thursday, reported widening of net loss to Rs 25,460 crore in the June quarter after it made additional provisioning to pay past statutory dues, and said its ability to continue as going concern hinges on the Supreme Court allowing more time to pay dues.

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