News > FIIs not gung-ho about India’s telecom story; cut stake in Airtel, Vodafone Idea

FIIs not gung-ho about India’s telecom story; cut stake in Airtel, Vodafone Idea

While the telecom sector has emerged as a hot theme for India in recent times, foreign funds seem to think otherwise as they have reduced their stake in top two pure-play telecom players in the country – Bharti Airtel NSE 4.27 % and Vodafone Idea.

“FIIs probably cut stake in Bharti Airtel due to reduction in weightage in MSCI rebalancing,” said independent analyst Ambareesh Baliga.