Vodafone Idea Ltd., the debt-ridden telecom operator, shared its shareholding pattern for the quarter that ended on March 31, on Wednesday, April 9, which has shown an increase in the number of retail shareholders. As many as 59.06 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh, now have stake […]
Vodafone Idea allots ₹36,950 cr shares to govt; stake climbs to 48.99% – CNBC TV18
Vodafone Idea on Tuesday allotted ₹36,950 crore worth of equity shares to the Government of India, converting its spectrum dues into equity. With this, the Centre has emerged as the largest shareholder in the debt-laden telecom operator, now holding a 48.99% stake. The allotment involved 3,695 crore equity shares of ₹10 each, issued at par. […]
SEBI exempts govt from open offer rule on Vodafone Idea debt-to-equity conversion – CNBC TV18
The Securities and Exchange Board of India (SEBI) has exempted the central government from the obligation to make an open offer after converting Vodafone Idea’s spectrum dues into equity. The exemption allows the government to increase its stake in the telecom operator from 22.60% to 48.99% without triggering a mandatory offer to minority shareholders. SEBI’s […]
Vodafone Idea, Indus Towers shares in focus after Citi projects up to 77% upside – CNBC TV18
Brokerage firm Citi has opened a positive catalyst watch for a 90-day period on shares of Vodafone Idea Ltd. and Indus Towers Ltd. on Tuesday, April 1. The government will now become the largest shareholder of Vodafone Idea after it will convert its spectrum dues into equity. The equity conversion of ₹36,950 crore, will take […]
Government stake in Vodafone Idea to rise to 48.99% as spectrum dues convert to equity – CNBC TV18
The Indian government is set to increase its stake in Vodafone Idea Limited (Vi) to approximately 48.99% following the conversion of outstanding spectrum auction dues into equity shares, the company disclosed today, March 30. This move aligns with the telecom sector relief package announced in September 2021. In an order dated March 29, the Ministry […]
Vodafone Idea shares decline for nine out out 10 sessions; an analyst sees another 17% downside – CNBC TV18
Vodafone India Ltd. shares are trading with losses on Thursday, March 6, after a day’s breather. The stock has declined in nine out of the last 10 trading sessions. Shares of Vodafone Idea had opened with gains of as much as 2.3% on Thursday but gave up gains soon after to trade with losses. Brokerage […]
Vodafone Idea’s long-term survival hinges on this single most important driver – CNBC TV18
Stabilisation of telecom service provider Vodafone Idea Ltd. is the single-most important factor for the long-term survival of the company, according to a note from brokerage firm Motilal Oswal. Company Value Change %Change In its note, released over the weekend, Motilal Oswal said that the benefits of tariff hikes have been limited for Vodafone Idea, given […]
Vodafone Idea shares jump 5% after Finance Secretary remarks on AGR dues – CNBC TV18
Shares of telecom service provider Vodafone Idea Ltd. are currently trading with gains of over 4% on Tuesday, February 4. Company Value Change %Change Finance Secretary Tuhin Kanta Pandey told CNBC-TV18 that a decision on the Adjusted Gross Revenue (AGR) dues is “yet to be taken,” hinting that the proposal is under consideration. “You will […]
Vodafone Idea shares in focus after major relief from the Department of Telecom – CNBC TV18
Vodafone Idea Ltd.,the debt-ridden telecom services provider informed the exchanges over the weekend that the telecom department, through its communication on December 27, 2024, has dispensed with the requirement of submitting financial bank guarantees for the Spectrum acquired through spectrum auctions. Company Value Change %Change The DoT has done away with the financial bank guarantees […]
Vodafone Idea shares see sharp surge on four key growth strategies, ₹55,000 crore capex – CNBC TV18
Telecom service provider Vodafone Idea Ltd. has laid out four key strategies for growth going forward in its investor presentation on Friday, December 13. Company Value Change %Change Focused network investments to drive coverage and capacity expansion, market initiatives to drive better Average Revenue Per User (ARPU) and customer retention, Focus on business services through […]