Macquarie Downgrades Vodafone Idea on Fresh Govt Equity Infusion: Report
Vodafone Idea (Vi) shares came under pressure after global brokerage firm Macquarie downgraded the telecom operator’s stock rating to ‘Underperform’ and slashed its target price to Rs 6.50, down from Rs 7. The downgrade comes in response to the recent equity dilution by the Government of India (GoI), which has … Read More