Vodafone Idea stock jumps as its 30-day anchor investor lock-in period for FPO is likely to end today

Vodafone Idea Share Price: Vodafone Idea shares jumped over 2.25 per cent on BSE on Monday (May 27, 2024) as its anchor investor's 30-day lock-in period for FPO is likely to end today.

The Vodafone Idea stock that closed trading at Rs 15.11 in the previous session jumped by 2.25 per cent to the day's high of Rs 15.45 on Monday.

Vodafone Idea shares, however, closed trading in red, down by 0.53 per cent, or Rs 0.08, at Rs 15.03 each on Monday.

Vodafone Idea that had a Rs 18,000 crore Follow-on public offer (FPO) also had a 30-day anchor lock-in period, which is likely to end today. 

The telecom giant's FPO opened with a 7.27 per cent premium on NSE and nine per cent on BSE. 

On Friday, the stock of Vodafone Idea saw strong buying as it rose by 7.54 per cent.