Bombay HC Directs IT Department To Refund Over Rs.833 crores To Vodafone Idea Limited Within Two Weeks Without Fail [Read Order]
4 years, 8 months ago

Bombay HC Directs IT Department To Refund Over Rs.833 crores To Vodafone Idea Limited Within Two Weeks Without Fail [Read Order]

Live Law  

In a huge relief to Vodafone Idea Limited, the Bombay High Court last Friday directed the income tax department to refund Rs.833 crores to the telecom operator within two weeks "without fail." Thereafter, on October 31, 2019, the Assistant Commissioner of Income Tax passed an assessment order under Section 143 read with Section 144C of the Income Tax Act, 1961 determining the refund of Rs.733.80 crore payable to Vodafone Idea on November 7, 2019. In a judgment dated April 29, 2020, the Supreme Court held that the final assessment order passed under Section 143 of the Income Tax Act indicated that the petitioner was entitled for refund of Rs.733 Crores insofar as assessment year 2014- 2015 is concerned, while in assessment year 2015-16 there was a demand of Rs.582 crores. Order Vodafone's counsel Senior Advocate Jehangir D. Mistry referred to the Supreme Court's order and the May 28 order passed by the assistant commissioner himself and submitted that the said order was a common order disposing off all the applications for rectification filed by the petitioner under Section 154 of the Act and also the notices issued by the respondents under Section 245 of the Act seeking adjustment of the alleged outstanding dues of Vodafone Idea against the amount of refund due to them.

Tax Assessment Income Tax Delhi High Court Income Act Commissioner Idea Two Weeks Vodafone Refund Petitioner Vodafone Idea Section 154 Order Read Rd Dhanuka Madhav Jamdar Vodafone Idea Limited Section 241A Section 245 Of The Act  income  vodafone  act  petitioner  assessment  rs833  idea  hc  fail  limited  refund  commissioner  tax  weeks  order  read

History of this topic

Explained: Why Vodafone Idea share price tumbled nearly 6%
1 month, 1 week ago

Explained: Why Vodafone Idea share price tumbled nearly 6%

India Today  

Vodafone Idea share price fell as much as 6% during Friday’s intraday trading session after the Supreme Court rejected the telecom operator’s petitions that sought a reduction in statutory dues. Analysts at Motilal Oswal Financial Services recently highlighted that Vodafone Idea’s ongoing subscriber losses remain a challenge. The brokerage firm also noted that bigger rivals with better cash flow and …

Vodafone Idea Q3 net loss narrows to Rs 6,609 crore
1 month, 1 week ago

Vodafone Idea Q3 net loss narrows to Rs 6,609 crore

The Hindu  

Vodafone Idea Ltd for the third quarter ended December 31, 2024 narrowed its net loss to ₹6,609 crore from net loss of ₹6,986 crore in the year ago period. With the recent equity infusion of ₹1,910 crore from one of our promoters, we have now secured approximately ₹26,000 crore in fresh equity capital over the past 10 months. On January …

Explained: Why Vodafone Idea share price jumped 15% today
2 months ago

Explained: Why Vodafone Idea share price jumped 15% today

India Today  

Shares of Vodadone Idea surged in early trade on Monday to hit the day's high of Rs 10.48, rising close to 15%. The rise in the Vodafone Idea stock has been witnessed after media reports surfaced that the government may waive 50% interest and 100% penalties related to the adjusted gross revenue dues. The dues were imposed on telecom firms …

Vodafone sells remaining £269 million stake in Indian telecoms group
2 months, 2 weeks ago

Vodafone sells remaining £269 million stake in Indian telecoms group

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 sold its shares …

Vodafone exits Indus Towers; sells shares worth ₹2,800 crore; clears ₹890 crore dues
2 months, 2 weeks ago

Vodafone exits Indus Towers; sells shares worth ₹2,800 crore; clears ₹890 crore dues

The Hindu  

“British telecom firm Vodafone has sold its entire stake in Indus Towers for ₹2,800 crore,” the telecom infrastructure firm said on Friday “Vodafone has sold 7.92 crore or 3% stake in Indus Towers and used ₹890 crore from the proceeds to clear lenders dues,” the company said in a regulatory filing. "Vodafone Group Plc announces that it has successfully completed …

Vodafone Idea clears outstanding dues to Indus Towers with capital infusion from parent
2 months, 2 weeks ago

Vodafone Idea clears outstanding dues to Indus Towers with capital infusion from parent

Live Mint  

Vodafone Idea has used fund infusion from its global parent Vodafone Plc, to repay outstanding Master Service Agreement Dues to Indus Towers. Vodafone Group Plc successfully completed the placing of its remaining 79.2 million shares in Indus Towers, representing 3.0% of Indus' outstanding share capital, through an accelerated book-build offering. Vodafone Idea Stock Price Trend Vodafone Idea share price declined …

Vodafone Idea share price declines 2% despite raising Rs1910 crore from promoters through preferential allotment
2 months, 2 weeks ago

Vodafone Idea share price declines 2% despite raising Rs1910 crore from promoters through preferential allotment

Live Mint  

Stock Market Today: Vodafone Idea share price declined more than 2% in morning trades on Friday. The Vodafone Idea share price already is down more than 3% in 2025 and has declined almost 54% in last six months Vodafone Idea Limited had informed the exchanges on Thursday post market hours regarding allotment of 1693218361 Equity Shares to Promoters of the …

Vodafone Idea likely to launch 5G broadband services in March: Report
Trending News
2 months, 3 weeks 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 …

Vodafone Idea share price in focus: Department of Telecommunications letter provides relief on bank guarantees
2 months, 3 weeks ago

Vodafone Idea share price in focus: Department of Telecommunications letter provides relief on bank guarantees

Live Mint  

Stock Market Today: Vodafone Idea share price remains in focus on Monday as the letter from the Department of Telecommunications, has provided a waiver on bank guarantees. In a release on the exchanges Vodafone Idea said that Department of Telecommunications vide its communication dated 27 December 2024, has dispensed with the requirement of submission of Financial Bank Guarantees for the …

Vodafone Idea shares in focus today: 2 things to know about the telecom stock
2 months, 3 weeks 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 Idea Says DoT’s BG Waiver Comes As ‘Relief For Telecom Industry’
2 months, 3 weeks ago

Vodafone Idea Says DoT’s BG Waiver Comes As ‘Relief For Telecom Industry’

ABP News  

The telecom department waived off the bank guarantee requirement required for spectrum auctions, Vodafone Idea said on Saturday. Before the reform, Vodafone Idea Limited was required to submit nearly Rs 24,800 crore in bank guarantees against each spectrum installment, 13 months prior to the installment falling due for the above auctions, the firm informed via an official filing. The company …

Vodafone Group clears dues owed to lenders worth ₹11,650 cr
2 months, 3 weeks 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 Group clears about ₹11,650 crore dues to lenders raised against VIL shares
2 months, 3 weeks ago

Vodafone Group clears about ₹11,650 crore dues to lenders raised against VIL shares

The Hindu  

U.K.-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. The pledge was created in favour of HSBC Corporate Trustee Company for the debt raised by Mauritius and India-based entities of Vodafone Group. "On 27 December 2024, HSBC Corporate Trustee Company Limited …

Vodafone Idea shares in focus as board to consider ₹2000 crore fundraise proposal today
3 months, 2 weeks 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
3 months, 2 weeks 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 …

Vi takes different path than Jio, BSNL and Airtel, changes in two affordable plans shock subscribers
3 months, 2 weeks ago

Vi takes different path than Jio, BSNL and Airtel, changes in two affordable plans shock subscribers

India TV News  

Vi takes different path than Jio, BSNL and Airtel, changes in two affordable plans shock subscribers Vodafone Ide has made substantial cuts to the benefits included in two of its budget-friendly plans. Vodafone Idea, the third largest telecom provider in India, recently made some changes to its recharge plans that customers may find frustrating. Now, the company has made further …

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

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden
3 months, 3 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 Q2 net loss narrows to ₹7,175 crore, Arpu rises to ₹156
4 months, 1 week 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 Rallies 10% As Company Signs $3.6 bn Deal With Nokia, Ericsson; Key Details
6 months 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
6 months, 2 weeks 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
7 months, 3 weeks 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 Rs 18,000-crore FPO Anchor Book Opens Today, Stock Falls 4%
11 months, 1 week 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 confident of people fully subscribing to its upcoming FPO of Rs 18,000 crore
11 months, 1 week ago

Vodafone Idea confident of people fully subscribing to its upcoming FPO of Rs 18,000 crore

New Indian Express  

NEW DELHI: Telecom service provider Vodafone Idea Limited is confident that its upcoming follow-on public offer of Rs 18,000 crore will be fully subscribed. Akshaya Moondra, its Chief Executive Officer, while addressing press, said the company has allocated Rs 5720 crore from the proceeds of FPO towards 5G rollout in the country. In February 2024, Vodafone Idea Limited announced plans …

Vodafone Idea to launch Rs 18,000 cr FPO on April 18
11 months, 1 week ago

Vodafone Idea to launch Rs 18,000 cr FPO on April 18

New Indian Express  

NEW DELHI: US-based investment firm GQG Partners and the State Bank of India Mutual Fund are reportedly considering investing up to $800 million in the upcoming Vodafone Idea Limited’s follow-on public offering of Rs 18,000 crore. Vodafone Idea, country’s third largest telco, in February 2024 announced its plan to raise funds of nearly Rs 45,000 crore through a combination of …

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod
11 months, 2 weeks 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
11 months, 2 weeks 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
1 year 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
1 year 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 to contest ₹10.76 crore penalty order under CGST Act
1 year, 2 months 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, 2 months 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 …

Bombay HC orders tax refund of ₹1,128 crore to Vodafone Idea
1 year, 4 months ago

Bombay HC orders tax refund of ₹1,128 crore to Vodafone Idea

Live Mint  

The Bombay High Court has directed the Income Tax department to refund ₹1,128 crore to Vodafone Idea paid by the telecom operator in taxes for the assessment year 2016-2017. In its judgement passed on Wednesday, the Bombay HC ruled that the assessment order passed by the department in August this year against the beleaguered telecom operator was “time barred and …

Bombay High Court orders Rs. 1,128 crore tax refund to Vodafone Idea Limited
1 year, 4 months ago

Bombay High Court orders Rs. 1,128 crore tax refund to Vodafone Idea Limited

India TV News  

Bombay High Court orders Rs. 1,128 crore tax refund to Vodafone Idea Limited Vodafone Idea had filed a petition, asserting the excess tax paid, leading the court to express concern about the assessing officer's apathy. The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. The company filed a petition …

DoT rejects Voda Idea license fee review plea
1 year, 5 months ago

DoT rejects Voda Idea license fee review plea

Live Mint  

New Delhi: The department of telecommunications has rejected Vodafone Idea’s plea to review licence fee demands of ₹3,273 crore for fiscal 2016 and 2017, India’s No. The Aditya Birla Group-promoted company said it was deciding on the next course of action since it had filed a plea with the Supreme Court for the DoT to correct some “errors” in the …

Vodafone Idea pays Rs 1,701 crore as second annual spectrum instalment for 5G
1 year, 6 months ago

Vodafone Idea pays Rs 1,701 crore as second annual spectrum instalment for 5G

India TV News  

Vodafone Idea pays Rs 1,701 crore as second annual spectrum instalment for 5G Vodafone Idea experienced a loss of 4.5 million mobile subscribers, and falls to 221.4 million by the end of June 2023. Vodafone Idea, a known telecom company in India has made a significant payment of Rs 1,701 crore as the second annual spectrum instalment towards its 5G …

Vodafone Idea Shares Plunge 3 Per Cent After Net Loss Widens To Rs 7,840 Crore In Q1
1 year, 7 months ago

Vodafone Idea Shares Plunge 3 Per Cent After Net Loss Widens To Rs 7,840 Crore In Q1

ABP News  

Shares of Vodafone Idea Ltd plunged over 3 per cent to Rs 7.8 in early morning trade on Wednesday after the telco’s net loss widened 7 per cent to Rs 7,840 crore in the April-June quarter. Vi, during the same period last year, clocked a net loss of Rs 7,297 crore, the telecom major said in an exchange filing. The …

Vodafone Idea Removes 25,000 Retail Partners In India To Cut Costs: Report
1 year, 9 months ago

Vodafone Idea Removes 25,000 Retail Partners In India To Cut Costs: Report

News 18  

Cash-strapped Vodafone Idea has removed about 25,000 or about 5-7 per cent of its retail partners in India to cut costs, according to an ET report. It said Vodafone Idea has purged the partners from the multi-brand retailer segment and the company has also stopped paying commissions. In the quarter ended on March 31, 2023, Vodafone Idea’s consolidated loss narrowed …

Vodafone Idea's Rs 45 plan offers 180 days validity and more: Find out the benefits
1 year, 9 months ago

Vodafone Idea's Rs 45 plan offers 180 days validity and more: Find out the benefits

India TV News  

Telecom companies, including Jio, Airtel, and Vodafone Idea, compete fiercely to attract customers with enticing recharge plans. While Jio and Airtel have gained a significant customer base, Recently, Vodafone Idea has also introduced a new recharge plan priced at Rs 45. The Rs 45 plan from Vodafone Idea provides users with the added benefit of missed call alerts. Vodafone Idea's …

Vodafone Idea in talks with gear vendors for 5G rollout
2 years, 1 month ago

Vodafone Idea in talks with gear vendors for 5G rollout

Live Mint  

Vodafone Idea needs to raise ₹ 20k cr in debt and equity from investors to plough into 5G New Delhi: Vodafone Idea is in advanced discussions with telecom equipment makers for its 5G rollout strategy and will comply with minimum 5G rollout obligations, chief executive Akshaya Moondra said on Wednesday, indicating that the No. {{^adFree}} {{/adFree}} On 5G minimum rollout …

Vodafone Idea In Talks With Lenders For Refinancing Rs 40,000 Crore Loans: Report
2 years, 1 month ago

Vodafone Idea In Talks With Lenders For Refinancing Rs 40,000 Crore Loans: Report

News 18  

Vodafone Idea has started discussions with major banks, including State Bank of India, Punjab National Bank and HDFC Bank, to refinance Rs 30,000-40,000 crore loans, according to an ET report quoting bankers familiar with the matter. It added that refinancing of some debt will help free up cash for Vodafone Idea, which needs to pay substantial vendor dues – to …

Vodafone Idea hold talks to refinance ₹3,000-4,000 cr of loans: Report
2 years, 1 month ago

Vodafone Idea hold talks to refinance ₹3,000-4,000 cr of loans: Report

Live Mint  

Debt-ridden telecom operator Vodafone Idea has started fresh talks with key lenders – State Bank of India, Punjab National Bank and HDFC Bank – to refinance ₹3,000 to 4,000 crore of loans, according to an Economic Times report. Last week, Vodafone Idea had approved the allotment of equity shares worth ₹16,133 crore to the government, which post-allocation has become the …

Vodafone Idea in talks with Indian banks, lenders to refinance loans worth Rs 3,000-4,000 crore
2 years, 1 month ago

Vodafone Idea in talks with Indian banks, lenders to refinance loans worth Rs 3,000-4,000 crore

India TV News  

Vodafone Idea in talks with Indian banks, lenders to refinance loans worth Rs 3,000-4,000 crore Vodafone Idea is currently engaged in discussions with banks to refinance loans worth Rs 3,000–4,000 crore. Vodafone Idea has reportedly begun discussions with Indian banks and other lenders including State Bank of India, Punjab National Bank, and HDFC Bank to refinance loans amounting between Rs …

Vodafone Idea approves allotment of shares to Govt; GoI holds 33.44% in co
2 years, 1 month ago

Vodafone Idea approves allotment of shares to Govt; GoI holds 33.44% in co

Live Mint  

Telecom operator Vodafone Idea on Tuesday said that the company's board of directors has approved the allotment of 16,133,184,899 equity share to the government. The government on Friday directed Vodafone Idea Ltd to issue equity shares against interest on deferred adjusted gross revenue and spectrum dues of ₹16,133 crore that it owes. The equity conversion plan comes more than a …

Vodafone Idea shares skyrocket after relief in AGR dues payment. Buy or sell?
2 years, 1 month ago

Vodafone Idea shares skyrocket after relief in AGR dues payment. Buy or sell?

Live Mint  

Vodafone Idea shares: After getting relief from the Government of India on AGR dues payment, Vodafone Idea share price has been iin uptrend since morning. Vodafone Idea share price today opened upside and went on to hit intraday high of ₹8.55 apiece levels, logging to the tune of 25 per cent rise on Monday morning deals. According to stock market …

Govt to become largest shareholder in Vi post conversion of AGR dues to equities
2 years, 1 month ago

Govt to become largest shareholder in Vi post conversion of AGR dues to equities

Live Mint  

The government has passed an order to convert adjusted gross revenue dues of telecom services provider, Vodafone Idea into equities for nearly ₹16,133.2 crore. Joshi added, "Classifying the proposed stake by the government as public shareholding, the regulator in its then order, had stated that the acquisition by the government is proposed with the sole intent of saving the larger …

After Birlas commit to invest, Centre agrees to take equity in Vodafone Idea
2 years, 1 month ago

After Birlas commit to invest, Centre agrees to take equity in Vodafone Idea

Live Mint  

The Union government on Friday directed Vodafone Idea Ltd to issue equity shares against interest on deferred adjusted gross revenue and spectrum dues totalling ₹16,133 crore that India’s No.3 telco owes it. 3 February, 2023 under section 62 of the Companies Act, 2013, directing the company to convert the NPV of the interest related to deferment of spectrum auction instalments …

Govt clears converting Rs 16,133 crore interest dues of Vodafone Idea into equity
2 years, 1 month ago

Govt clears converting Rs 16,133 crore interest dues of Vodafone Idea into equity

Deccan Chronicle  

NEW DELHI: The government cleared conversion of Rs 16,133 crore interest dues of debt-ridden Vodafone Idea into equity after receiving a firm commitment from Aditya Birla Group to run the company and bring necessary investment, telecom minister Ashwini Vaishnaw said on Friday. Throwing a lifeline to the troubled telco, the government has approved conversion of over Rs 16,133 crore interest …

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector
2 years, 2 months ago

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector

The Hindu  

The fate of India’s third-largest telecom, Vodafone-Idea, is hanging in the balance. Click to subscribe to our Data newsletter Apart from losing subscribers, Vodafone-Idea’s average revenue per user per month has also failed to keep pace with that of its rivals. Chart 3 shows the average revenue earned per user per month by private service providers in wireless services. The …

Vodafone Idea Approaches Banks For Rs 7,000-Crore Loans, Says Report; Shares Down 1.14%
2 years, 2 months ago

Vodafone Idea Approaches Banks For Rs 7,000-Crore Loans, Says Report; Shares Down 1.14%

News 18  

Vodafone Idea has approached lenders including SBI, PNB, HDFC Bank and IDFC First for loans aggregating upward of Rs 7,000 crore, according to an Economic Times report quoting three people aware of the matter. Shares of Vodafone Idea on Friday were trading lower by Rs 0.10 or 1.14 per cent at Rs 7.78 apiece on the BSE during the day. …

Vodafone Idea Shares Dip as Loss Widens on Higher Expenses; Should Investors Do Now?
2 years, 4 months ago

Vodafone Idea Shares Dip as Loss Widens on Higher Expenses; Should Investors Do Now?

News 18  

Vodafone Idea Share Price: Vodafone Idea shares were trading at Rs 8.40 on the NSE and were down nearly 2 per cent on Friday after the company’s September quarter results failed to impress the street. The company reported a net loss of Rs 7,595.50 crore for July-September which was up 4 per cent sequentially. Operating profit in the quarter declined …

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