Airtel, Idea shares plunge after Jio's offer announcement
Shares of incumbent telecom operators plunged on Tuesday after Reliance Jio Chairman Mukesh Ambani announced new offers. Airtel was the biggest loser after its shares declined by over 4% in intraday trade, while Idea Cellular dipped by nearly 2%. Notably, Ambani announced that Jio crossed the 100 million customers mark in 170 days and also announced the Jio Prime offer.