Vodafone Idea share price jumps over 5% as reports signal TGH likely to infuse $6 billion capital

Vodafone Idea share price jumped over 5% on reports that PE firm Tillman Global Holdings is looking to invest around $4-6 billion in the beleaguered telecom operator. Vodafone Idea shares rallied as much as 5.26% to 9.19 apiece on the BSE.

According to a report by Economic Times, Tillman Global Holdings (TGH) is in negotiations to invest $4-6 billion, or around 35,000 – 52,800 crore, in Vodafone Idea (Vi) and take operational control of the debt-ridden company.

At 11:00 AM, Vodafone Idea share price was trading 0.92%) higher at 8.81 apiece on the BSE.

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