Vodafone-Idea shares gain over 8% amid asset sale plan
5 years ago

Vodafone-Idea shares gain over 8% amid asset sale plan

India TV News  

Vodafone Idea shares rose over 8 per cent on Wednesday amid reports that the company is planning to sell some of its assets to raise over USD 2.5 billion. According to reports, Vodafone Idea may raise over USD 2.5 billion from asset sales ahead of a January deadline to pay statutory dues. Vodafone Idea, reeling under massive debt of around Rs 1.17 lakh crore, had earlier cited acute financial stress on the company behind the decision to raise mobile call and data charges. The company has an estimated liability of Rs 44,150 crore post the apex court order, and has made provisioning of Rs 25,680 crore in the second quarter this fiscal.

Idea Vodafone Idea  vodafoneidea  plan  crore  sell  asset  raise  sale  usd  gain  amid  idea  scrip  company  shares  rs

History of this topic

Stocks to watch today: Vodafone Idea, RIL, Adani Power, Indo Farm Equipment
2 days, 20 hours ago

Stocks to watch today: Vodafone Idea, RIL, Adani Power, Indo Farm Equipment

India Today  

Stock markets saw a huge decline on Monday as investor concerns grew over the HMPV virus, leading to a large-scale sell-off. Stocks of Indo Farm Equipment, RIL, Adani Power, Mobikwik, BPCL, RIL, Bharti Airtel, Coal India, among others are expected to remain in focus as trading resumes today, January 7, 2025. Indo Farm Equipment raised Rs 260.15 crore through its …

Vodafone completes £6.6bn deal to offload Italian arm
1 week ago

Vodafone completes £6.6bn deal to offload Italian arm

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Vodafone has completed the eight …

Vodafone Idea likely to launch 5G broadband services in March: Report
Trending News
1 week ago

Vodafone Idea likely to launch 5G broadband services in March: Report

India Today  

Vodafone Idea is planning to launch its 5G mobile broadband services in March, reported The Economic Times. “We are gearing up to launch 5G services and are committed to providing the best experience and price,” a Vodafone Idea spokesperson told the publication. The anticipation of 5G launch helped Vodafone Idea’s shares gain marginally, which were trading at Rs 8.03, up …

Stock to buy: After eroding 55% of investor wealth in 2024, Vodafone Idea could rise 64%, suggests Citi’s target price
1 week, 1 day ago

Stock to buy: After eroding 55% of investor wealth in 2024, Vodafone Idea could rise 64%, suggests Citi’s target price

Live Mint  

Stock to buy: While Vodafone Idea shares wiped off nearly 50 per cent of investor wealth in 2024, it did not deter global brokerage Citi from upgrading the stock. Indus Towers’ dividend yield of over 6 per cent was highlighted as an undervalued aspect of the stock, with improved payment visibility from Vodafone Idea further enhancing its appeal. In an …

Vodafone Idea shares in focus today: 2 things to know about the telecom stock
1 week, 3 days ago

Vodafone Idea shares in focus today: 2 things to know about the telecom stock

India Today  

Shares of Vodafone Idea Ltd will be in the spotlight in Monday's trading session following two huge developments. Additionally, Vodafone Group, a promoter entity, has settled Rs 11,650 crore of its outstanding dues, releasing pledged shares in Vodafone Idea. BANK GUARANTEE WAIVER Vodafone Idea informed the stock exchanges that the DoT, in a communication dated 27 December 2024, has waived …

Vodafone Group clears dues owed to lenders worth ₹11,650 cr
1 week, 5 days ago

Vodafone Group clears dues owed to lenders worth ₹11,650 cr

Hindustan Times  

UK-based Vodafone Group has cleared dues of around ₹11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing. "On 27 December 2024, HSBC Corporate Trustee Company Limited acting as the security trustee for the lenders has released the pledges pursuant to repayment of the outstanding dues owed to the lenders …

Vodafone Idea share price climbs over 2%; here’s why
4 weeks, 2 days ago

Vodafone Idea share price climbs over 2%; here’s why

Live Mint  

Vodafone Idea share price climbed over 2 per cent in early trade on Tuesday, December 10, a day after the company announced its board of directors had approved the issuance of up to 175.53 crore shares on a preferential basis to two Vodafone Group entities to raise up to ₹1,980 crore. Vodafone Idea share price opened at ₹8.25 against its …

VIL to raise Rs 1,980 cr through preferential issue
4 weeks, 2 days ago

VIL to raise Rs 1,980 cr through preferential issue

New Indian Express  

NEW DELHI: Vodafone Idea, the country’s third-largest telecom service provider, announced on Monday that its Board of Directors has approved the issuance of up to 176 crore equity shares on a preferential basis to raise Rs 1,980 crore. The telco will issue these shares to Omega Telecom Holdings Private Limited and Usha Martin Telematics Limited, both Vodafone Group companies. “Up …

Stocks to watch today: Adani stocks, Vodafone Idea, Godrej Consumer, Tata Motors
4 weeks, 2 days ago

Stocks to watch today: Adani stocks, Vodafone Idea, Godrej Consumer, Tata Motors

India Today  

Stock markets ended in red on Monday, dragged down by losses in FMCG and auto stocks. As markets reopen today, several stocks, including Vodafone Idea, Tata Motors, NHPC, Brookfield India REIT, Premier Polyfilm, Torrent Power, and Datamatics Global Services, are likely to be in focus due to recent announcements and developments. ADANI GROUP STOCKS The Adani Group announced plans to …

Vodafone Idea shares in focus as board to consider ₹2000 crore fundraise proposal today
1 month ago

Vodafone Idea shares in focus as board to consider ₹2000 crore fundraise proposal today

Live Mint  

Stock in focus: Vodafone Idea Limited shares are in the spotlight today, December 9 as the company's board will convene to deliberate on a ₹2,000 crore fundraising proposal. Vodafone Idea share price closed in the green, up 0.50 per cent at ₹8.12 on December 6, as per BSE. “The trading window for dealing in securities of the Company shall be …

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise
Trending News
1 month ago

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise

Hindustan Times  

Vodafone Idea’s board will reportedly meet on Monday, December 9, 2024 to consider raising up to ₹2,000 crore through equity shares or convertible securities on a preferential basis to clear its debts with Indus Towers. Vodafone Idea said it will use the remaining proceeds towards a new issue of equity shares after the board decides the terms of capital Paying …

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group
1 month ago

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group

Live Mint  

Vodafone Idea announced on Thursday, December 5, that its board will consider a proposal to raise ₹2,000 crore via preferential equity issuance belonging to Vodafone Group, one of its promoters. “A meeting of the Board of Directors of the company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider a proposal for raising of funds not …

Vodafone to sell remaining stake in Indian tower company Indus
1 month ago

Vodafone to sell remaining stake in Indian tower company Indus

Hindustan Times  

The UK's Vodafone Group Plc is selling the whole 3% of stake it owns of Indus Towers in a $300 million deal to exit the company which is now a Bharti Airtel subsidiary. The Sunil Mittal-led Airtel could be a potential buyer for the Indus Tower shares from Vodafone UK The proceeds from selling the 79.2 million shares will be …

Vodafone Idea share price gains 4.5%: To consider raising funds on 9 December
1 month ago

Vodafone Idea share price gains 4.5%: To consider raising funds on 9 December

Live Mint  

Stock Market Today: Vodafone Idea share price saw sharp gains of 4.5% in the morning trades on Thursday. The board meeting is scheduled for 9 December to consider raising funds The Vodafone Idea share price opened at ₹8.79 on the BSE on Thursday, 4.5% higher than the previous close of ₹8.41 on Wednesday. Vodafone Group Plc announces that it has …

Vodafone to sell 3 pc stake in Indus Towers for ₹2,841 cr to clear debt, part payment of Vi dues
1 month ago

Vodafone to sell 3 pc stake in Indus Towers for ₹2,841 cr to clear debt, part payment of Vi dues

Live Mint  

New Delhi, Dec 4 British telecom company Vodafone will sell 3 per cent stake in Indus Towers to clear its debt of USD 101 or about ₹856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea. "Vodafone Group Plc announces that it has launched a placing of its remaining 79.2 million shares in …

Vodafone UK to sell remaining 3% stake in Indus Towers via book build offering for repaying debt
1 month ago

Vodafone UK to sell remaining 3% stake in Indus Towers via book build offering for repaying debt

Live Mint  

Vodafone Group Plc will sell its remaining 3% stake in telecom infrastructure developer Indus Towers. The UK firm said on Wednesday that its remaining 79.2 million shares in Indus Towers will be sold through an accelerated book build offering. Pledge released “As per the terms of the security package provided by Vodafone promoters to secure the payment obligation of Vodafone …

Voda Idea's revenue market share at all-time low in Q2FY25
1 month ago

Voda Idea's revenue market share at all-time low in Q2FY25

Live Mint  

NEW DELHI : Vodafone Idea Ltd’s revenue market share declined to an all-time low of 14.5% for the quarter ended 30 September 2024, as it lost share in all circles despite having reported revenue growth for consistent quarters. Vodafone Idea's investments in networks may be able to arrest the rapid decline in the market share in the coming quarters, but …

Vodafone Idea Share Price Today on 27-11-2024: Vodafone Idea share price are up by 2.79%, Nifty up by 0.05%
1 month, 1 week ago

Vodafone Idea Share Price Today on 27-11-2024: Vodafone Idea share price are up by 2.79%, Nifty up by 0.05%

Live Mint  

Vodafone Idea Share Price Today on 27-11-2024: At 27 Nov 11:20 today, Vodafone Idea shares are trading at price ₹7.74, 2.79% up from the previous closing price. The stock will have support at 5,10,20 days SMA & face resistance at 50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 7.06 10 …

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden
1 month, 2 weeks ago

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden

Live Mint  

Vodafone Idea's plan to raise ₹35,000 crore may get a shot in the arm from the Union Cabinet's decision to waive bank guarantees from telecom operators for airwaves bought in auctions till 2022. The Union Cabinet approved a proposal to waive bank guarantees that telecom service providers need to submit for spectrum auctioned till 2022,Mint reported on Tuesday. Despite the …

Vodafone Idea Share Price Today on 26-11-2024: Vodafone Idea share price are up by 13.47%, Nifty down by -0.09%
1 month, 2 weeks ago

Vodafone Idea Share Price Today on 26-11-2024: Vodafone Idea share price are up by 13.47%, Nifty down by -0.09%

Live Mint  

Vodafone Idea Share Price Today on 26-11-2024: At 26 Nov 11:04 today, Vodafone Idea shares are trading at price ₹7.92, 13.47% up from the previous closing price. The stock will have support at 5,10,20 days SMA & face resistance at 50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 7.06 10 …

Explained: Why Vodafone Idea shares jumped 18% today
1 month, 2 weeks ago

Explained: Why Vodafone Idea shares jumped 18% today

India Today  

Shares of Vodafone Idea saw a huge jump on Tuesday in early trade as its stock jumped 18.08% on the BSE, reaching Rs 8.23, following a positive update from the Union Cabinet. Vodafone Idea currently has outstanding BG requirements totalling Rs 24,700 crore. While Vodafone Idea had sought a BG waiver, citing financial constraints, the relief announced by the government …

Vodafone Idea Share Price Today on 25-11-2024: Vodafone Idea share price are up by 1.65%, Nifty up by 1.82%
1 month, 2 weeks ago

Vodafone Idea Share Price Today on 25-11-2024: Vodafone Idea share price are up by 1.65%, Nifty up by 1.82%

Live Mint  

Vodafone Idea Share Price Today on 25-11-2024: At 25 Nov 11:24 today, Vodafone Idea shares are trading at price ₹6.78, 1.65% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Vodafone Idea Share Price Today on 22-11-2024: Vodafone Idea share price are down by -2.75%, Nifty up by 0.71%
1 month, 2 weeks ago

Vodafone Idea Share Price Today on 22-11-2024: Vodafone Idea share price are down by -2.75%, Nifty up by 0.71%

Live Mint  

Vodafone Idea Share Price Today on 22-11-2024: At 22 Nov 11:47 today, Vodafone Idea shares are trading at price ₹6.73, -2.75% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

91% upside potential! Nomura is bullish on telecom stock Vodafone Idea post Q2 results, retains ’buy’ call
1 month, 3 weeks ago

91% upside potential! Nomura is bullish on telecom stock Vodafone Idea post Q2 results, retains ’buy’ call

Live Mint  

Following better-than-expected September quarter results, global brokerage firm Nomura India has reaffirmed its 'Buy' rating on Vodafone Idea, setting a target price of ₹14. Q2 Earnings Performance Vodafone Idea's financials for the September quarter showed a narrowing of losses to ₹7,175 crore from ₹8,746 crore in the same period the previous year. Investment Rationale and Strategic Outlook Nomura India outlined …

Vodafone Idea Q2 net loss narrows to ₹7,175 crore, Arpu rises to ₹156
1 month, 3 weeks ago

Vodafone Idea Q2 net loss narrows to ₹7,175 crore, Arpu rises to ₹156

Live Mint  

Vodafone Idea Ltd’s losses narrowed to ₹7,175 crore in the September quarter, down from ₹8,746 crore a year earlier, as revenues edged up to ₹10,932 crore from ₹10,716 crore. Funding and capex plans Backed by the Aditya Birla Group, Vodafone Idea is currently in discussions with lenders to secure ₹35,000 crore in debt funding to fuel its network expansion. Earlier …

Vodafone Idea Share Price Today on 13-11-2024: Vodafone Idea share price are down by -3.91%, Nifty down by -1.36%
1 month, 3 weeks ago

Vodafone Idea Share Price Today on 13-11-2024: Vodafone Idea share price are down by -3.91%, Nifty down by -1.36%

Live Mint  

Vodafone Idea Share Price Today on 13-11-2024: At 13 Nov 16:01 today, Vodafone Idea shares are trading at price ₹7.37, -3.91% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Vodafone Idea Share Price Today on 12-11-2024: Vodafone Idea share price are down by -2.04%, Nifty down by -1.07%
1 month, 4 weeks ago

Vodafone Idea Share Price Today on 12-11-2024: Vodafone Idea share price are down by -2.04%, Nifty down by -1.07%

Live Mint  

Vodafone Idea Share Price Today on 12-11-2024: At 12 Nov 16:00 today, Vodafone Idea shares are trading at price ₹7.67, -2.04% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Vodafone Idea Share Price Today on 11-11-2024: Vodafone Idea share price are down by -0.63%, Nifty down by -0.03%
1 month, 4 weeks ago

Vodafone Idea Share Price Today on 11-11-2024: Vodafone Idea share price are down by -0.63%, Nifty down by -0.03%

Live Mint  

Vodafone Idea Share Price Today on 11-11-2024: At 11 Nov 16:01 today, Vodafone Idea shares are trading at price ₹7.83, -0.63% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Vodafone Idea Share Price Today on 05-11-2024: Vodafone Idea share price are up by 3.17%, Nifty up by 0.91%
2 months ago

Vodafone Idea Share Price Today on 05-11-2024: Vodafone Idea share price are up by 3.17%, Nifty up by 0.91%

Live Mint  

Vodafone Idea Share Price Today on 05-11-2024: At 05 Nov 16:00 today, Vodafone Idea shares are trading at price ₹8.14, 3.17% up from the previous closing price. The stock will have support at 5,10 days SMA & face resistance at 20,50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 8.09 10 …

Vodafone Idea Share Price Today: Up 5.85%, Nifty Down by -0.3%
2 months, 1 week ago

Vodafone Idea Share Price Today: Up 5.85%, Nifty Down by -0.3%

Live Mint  

Vodafone Idea share price has seen a significant increase today, with the stock price up by 5.85%. The stock has also seen a slight decline in the Nifty, down by -0.3%. The price of Vodafone Idea is currently trading at ₹8.14, with a high of ₹8.17 and a low of ₹7.72. The stock has also seen support at 5 days …

Vodafone Idea Share Price Today: A Downward Trend with Technical Indicators
2 months, 1 week ago

Vodafone Idea Share Price Today: A Downward Trend with Technical Indicators

Live Mint  

Vodafone Idea share price has seen a slight increase today, trading at ₹7.99. The stock has gained 0.38% from the previous closing price. However, it has lost -0.16% on the Nifty index. The stock has reached a high of ₹8.04 and a low of ₹7.82 during the day. The technical analysis suggests a downtrend, with key resistance at ₹8.27, ₹8.59, …

Vodafone Rallies 10% As Company Signs $3.6 bn Deal With Nokia, Ericsson; Key Details
3 months, 2 weeks ago

Vodafone Rallies 10% As Company Signs $3.6 bn Deal With Nokia, Ericsson; Key Details

News 18  

Vodafone Idea Share Price Today: Vodafone Idea shares were trading 10 per cent higher on Monday after the company scheduled an analyst or investor update call later today, which will take place from 2.30 PM to 3 PM IST and is expected to provide updates on what the telecom operator is up to following the Supreme Court AGR setback. Additionally, …

Vodafone Idea's stock plummets 14 per cent after Goldman Sachs' bleak forecast
4 months ago

Vodafone Idea's stock plummets 14 per cent after Goldman Sachs' bleak forecast

New Indian Express  

NEW DELHI: Vodafone Idea's share price plummeted by as much as 14 per cent on Friday after Goldman Sachs predicted a potential downside of over 80 per cent from the stock's last closing level. The global brokerage firm set a target price of Rs 2.5 per share, triggering a sell-off in the telecom service provider's stock. According to Goldman Sachs, …

Indus Towers eyes improved cash flows amid better collections from Vodafone Idea
5 months, 1 week ago

Indus Towers eyes improved cash flows amid better collections from Vodafone Idea

Live Mint  

Indus Towers, India's leading telecom tower provider, is anticipating a boost in free cash flows due to an expected rise in co-locations from Vodafone Idea and improved collection of past dues from the carrier. Indus Towers has opted for a share buyback worth ₹2,640 crore to distribute returns to shareholders in a tax-efficient manner, particularly ahead of the upcoming tax …

Vodafone-Idea plans to become expensive from July 4: Here are the new rates
6 months, 1 week ago

Vodafone-Idea plans to become expensive from July 4: Here are the new rates

India TV News  

After Airtel and Jio, Vodafone-Idea has also decided to increase its mobile tariffs. Plans will become more expensive from July 4 According to a PTI report, Vodafone Idea stated that the company had designed an excellent range of feature-rich plans to meet the diverse needs of its consumers. At the same time, the price of the company's popular plan with …

Residual funds from Voda’s Indus Towers stake sale may go towards latter’s dues
6 months, 2 weeks ago

Residual funds from Voda’s Indus Towers stake sale may go towards latter’s dues

Live Mint  

Indus Towers would stand to receive residual funds, if any, from Vodafone Group Plc's stake sale in the company, owing to the secondary pledge it has on Vodafone's 21% stake in the telecom tower provider. “Indus has a secondary pledge on Vodafone Plc’ 21% stake and if the sale goes through then Vodafone will first clear the dues of the …

FPO lock-in expiry: Vodafone Idea share price to gain focus today as anchor investors’ 30-day lock-in period ends
7 months, 2 weeks ago

FPO lock-in expiry: Vodafone Idea share price to gain focus today as anchor investors’ 30-day lock-in period ends

Live Mint  

Vodafone Idea's ₹18,000-crore follow-on public offering's anchor 30-day lock-in period is likely to expire today. Vodafone Idea share price, which ended Friday's BSE trading session 7.54% higher at ₹15.11 per share, may face selling pressure on Monday's trade. Vodafone Idea FPO anchor investors Through its FPO, Vodafone Idea raised about ₹5,400 crore from anchor investors on April 17, which included …

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade
7 months, 2 weeks ago

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade

Business Standard  

A 'likely' relief on the government dues front for Vodafone Idea and expectations of telecom tariff hikes could drive the share prices up by 70-80 per cent, global broking firm UBS said in a report. "Assuming AGR dues are completely waived off, our DCF value could increase to Rs 24 per share, versus Rs 12 when there is no waiver. …

Vodafone Idea stock jumps 9%, UBS says ‘buy’ stock as 70-80% upside likely
7 months, 2 weeks ago

Vodafone Idea stock jumps 9%, UBS says ‘buy’ stock as 70-80% upside likely

Hindustan Times  

Vodafone Idea share price: Shares of Vodafone Idea rose almost 10 per cent today after UBS upgraded the stock to a 'Buy' rating from ‘Neutral’. The international brokerage also revised target price of the stock to ₹18 from ₹13.10 earlier and said that there is a scope of a 70-80 percent rally as relief in the form of AGR reduction …

Vodafone Idea share price jumps 10% as focus shifts on FPO allotment, listing date
8 months, 2 weeks ago

Vodafone Idea share price jumps 10% as focus shifts on FPO allotment, listing date

Live Mint  

Vodafone Idea share price: After the end of bidding for the Vodafone Idea FPO on Monday, Vodafone Idea share price today witnessed strong buying that lifted the telecom stock to the tune of 10 percent during Tuesday deals. We believe that the company’s focus on 5G rollout, upgradation of 2G sites to 4G sites, and the recent promoter fund infusion …

Vodafone Idea Rs 18,000-crore FPO Anchor Book Opens Today, Stock Falls 4%
8 months, 3 weeks ago

Vodafone Idea Rs 18,000-crore FPO Anchor Book Opens Today, Stock Falls 4%

News 18  

Shares of Vodafone Idea dropped as much as 3.95 per cent to hit an intraday low of Rs 12.64 per share. Vodafone Idea’s FPO will open for subscription on April 18 and close on April 22, 2024 with the price band of the issue fixed at Rs 10-11 per share. Foreign institutional investors such as Rajiv Jain-led GQG Partners, Fidelity, …

Vodafone Idea ₹18,000-crore FPO opens on April 18: All you need to know
8 months, 4 weeks ago

Vodafone Idea ₹18,000-crore FPO opens on April 18: All you need to know

Hindustan Times  

Vodafone Idea's ₹18,000-crore follow-on public offer will open for subscription on April 18 at a floor price of ₹10 a share with the cap at ₹11. The offer will close on April 22 and anchor bids will be approved on April 16, the company said in an exchange filing. The company recently raised ₹2,075 crore through the issue of preferential …

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod
9 months ago

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod

Hindustan Times  

The board of debt-ridden Vodafone Idea has approved a proposal to raise ₹2075 crore from promoter Aditya Birla Group, the telecom operator informed in a regulatory filing on Saturday. Vodafone Idea board has approved issuance of up to 1,395,427,034 equity shares to Oriana Investments, an entity of the Aditya Birla Group “The Vodafone Idea board has approved issuance of up …

Voda Idea gets board nod to raise Rs 2,075 cr from Aditya Birla group
9 months ago

Voda Idea gets board nod to raise Rs 2,075 cr from Aditya Birla group

India TV News  

Debt-ridden telecom firm Vodafone Idea on Saturday said its board has approved raising Rs 2,075 crore from promoter Aditya Birla group and increasing its authorised share capital to Rs 1 lakh crore. The Vodafone Idea board has approved "issuance of up to 1,395,427,034 equity shares of face value of Rs 10 each at an issue price of Rs 14.87 per …

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy
10 months, 1 week ago

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy

Live Mint  

Barcelona: The government will look at the right opportunity to pare its stake in Vodafone Idea, Neeraj Mittal, secretary in the department of telecommunications, said as he welcomed the approval given by the cash-strapped carrier's board to a fund-raise proposal. Mittal said the department of telecom was likely to bring out the first set of rules and regulations under the …

Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel
10 months, 1 week ago

Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel

Hindustan Times  

Struggling telecom firm Vodafone Idea on Tuesday said its board has approved raising up to ₹20,000 crore in equity from promoters and other investors by June as it looks to shore up finances for much delayed 5G roll out and strengthening 4G services. The debt-laden firm, where the government also holds just over 33 per cent equity stake, plans to …

Vodafone Idea Rallies 9% On Fund Raising Plans; What Investors Need To Know
10 months, 2 weeks ago

Vodafone Idea Rallies 9% On Fund Raising Plans; What Investors Need To Know

News 18  

Shares of Vodafone Idea Limited zoomed 9 per cent to Rs 17.60 in the morning trade on February 23, extending gains for the second day after a 6 per cent jump in the previous session. However, the revenue for the same quarter amounted to Rs 10,673.1 crore, registering a slight increase of 0.49 percent from Rs 10,621 crore in the …

Vodafone needs cash to reconnect with both investors and subscribers
11 months, 1 week ago

Vodafone needs cash to reconnect with both investors and subscribers

Live Mint  

Telecom operator Vodafone Idea Ltd faces a daunting set of challenges, with declining subscriber base a key concern. This indicates that some of the higher usage subscribers of Vodafone Idea could be porting out, possibly to take advantage of Bharti Airtel’s and Reliance Jio’s 5G network, said an Axis Capital report dated 30 January. “The significant amount of cash required …

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act
1 year ago

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act

Live Mint  

Vodafone Idea Limited on 4 January announced that it will take appropriate legal action for rectification and reversal of an order it received under the Central Goods and Services Tax Act, 2017, entailing a penalty of ₹10.76 crore. "The company does not agree with the order and will take appropriate action for rectification/ reversal of the same," Vodafone Idea said …

Vodafone Idea clears air on talks with Elon Musk's Starlink
1 year ago

Vodafone Idea clears air on talks with Elon Musk's Starlink

Hindustan Times  

Vodafone Idea on Tuesday said it is not in talks to tie up with Elon Musk's satellite internet firm Starlink, Reuters reported. Vodafone Idea on Tuesday said it is not in talks to tie up with Elon Musk's satellite internet firm Starlink The telecom firm's clarification comes after the shares had surged in the past two sessions, this after business …

Discover Related