Shares of Idea Cellular and Bharti Airtel tumbled up to 12 per cent today as telecom operator Reliance Jio announced a new post-paid plan.
The scrip of Idea tanked 12 per cent to ₹ 51.30 on BSE.
Shares of Airtel too slumped 6.69 per cent to ₹ 384.65. The stock was the worst hit among the 30-bluechip stocks.
Reliance Jio yesterday announced a new post-paid plan with monthly rental of ₹199, and an ISD calling service at a starting price of 50 paise per minute.
The company also announced international roaming service with outgoing calls at ₹ 2 per minute onwards.
“’Zero-Touch’ post-paid plan to offer unlimited benefits at Rs 199 per month, international calling starting at 50 paise per minute and international roaming at Rs 2 for voice, data and SMS for all Jio customers,” Reliance Jio said in a statement yesterday.
The subscription for the plan will start from from May 15.
