Vodafone Idea gains 14% on heavy volumes after crashing 21% a day before

Shares of Vodafone Idea (VI) moved higher by up to 14 per cent at Rs 13.50 on the National Stock Exchange (NSE) in Wednesday’s intra-day trade after the company's chief executive officer today said that the government has no desire to run the company or in appointing a board member.

On Tuesday, the stock of the telecom services provider had tanked 21 per cent to Rs 11.80 after the company said it agreed to convert interest on deferred statutory dues into equity. 

At 12:02 pm, VI was trading 11 per cent higher at Rs 13.10, as compared to a