Shares of Vodafone Idea declined by nearly 4% after the company issued a clarification stating it had not received any communication from Vodafone Group concerning a reported proposal to transfer treasury stock. This clarification came after an earlier 8% rally in Vodafone Idea shares, which was driven by reports indicating that Vodafone Plc might transfer part of its stake to strengthen Vodafone Idea's balance sheet and assist in fundraising efforts. The company's statement aimed to address market speculation and provide clarity on the matter. Shares of Vodafone Idea fell nearly 4% after the company clarified it had not received any communication from Vodafone Group regarding a reported stake transfer proposal.