Shares of Idea Cellular rose by over 7 per cent on the Bombay Stock Exchange amid reports that the Aditya Birla group firm is in talks with global telecom operators to sell its stake in the company.

The stock jumped by 7.48 per cent to touch a one-month high of Rs. 72.50 on the BSE after reports surfaced that the group is scouting for buyers for the telecom company and has held discussions with several international players.

Shares of the company rose by 19.76 per cent to touch a 52-week high of Rs. 80.90 on the National Stock Exchange as well. However, the scrip later trimmed most of its early gains and was trading at Rs. 68.90, up 2 per cent.

Aditya Birla Group holds an about 47 per cent stake in Idea Cellular.