Why Idea Share Price Falling?

Vodafone Idea will come to an “irretrievable point of collapse” without immediate active support from the government as the telecom firm has huge debts and its operations have taken a hit due to the pandemic, said Kumar Mangalam Birla in the letter.

Is VI going to shut down?

Indian telco Vodafone Idea (Vi) is reportedly close to “point of collapse” and needs help from the Government, one of its investors said this week. ... Last year the Supreme Court of India gave Vi and Airtel 10 years to pay, with the first installments of 10 percent due in March 2021.

Why did Vodafone ideas fall?

The telecom firm's stock has been under pressure due to its deteriorating financial condition. It may be noted that Vodafone Idea stock has tumbled nearly 50 per cent from the beginning of this year due to continued quarterly losses and its inability to raise funds for clearing dues.