Vodafone Idea's shares rise 13.26% after CARE Ratings upgrades Long Term Bank Facilities to BB+.

Vodafone Idea's shares surged 13.26% on the NSE after CARE Ratings upgraded the company's Long Term Bank Facilities from B+ to BB+, maintaining a stable outlook. The Short Term Bank Facilities were upgraded from A4 to A4+. Vodafone Idea's net loss for FY24's Q4 widened to ₹7,675 crore, while its joint venture reported its highest-ever quarterly EBITDA since the 2018 merger, amounting to ₹2,180 crore.