Vi share price

  1. Vodafone Idea Ltd Share Price Today
  2. Vodafone Idea share price spurts 25% as govt grants nod to convert over Rs 16,000 crore dues into equity
  3. Vodafone Idea share price surges over 5% on reports of business revival plan
  4. Vodafone Idea Share Price Today
  5. Vodafone Idea to see ₹14,000 crore equity infusion as part of revival plan: Report
  6. Vodafone Idea shares crash over 24% as Kumar Mangalam Birla steps down
  7. vodafone idea share price: Vodafone Idea jumps over 10% ahead of board meeting to mull fundraise


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Vodafone Idea Ltd Share Price Today

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Vodafone Idea share price spurts 25% as govt grants nod to convert over Rs 16,000 crore dues into equity

Vodafone Idea share price spurts 25% as govt grants nod to convert over Rs 16,000 crore dues into equity Vodafone Idea Share Price: Vodafone Idea shares are in focus as the government has granted nod to convert over Rs 16,000 crore dues into equity. The government will have 33 per cent stake in the company. • • • • • Vodafone Idea Share Price, Idea Share Price News: Shares of Vodafone Idea (Vi) were locked in the 25 per cent upper circuit at Rs 8.50 on the NSE on Monday at 1 PM. The development follows the government's decision to convert the company's dues worth Rs 16,133 crore into equity. With this, the government will have a 33 per cent stake in the telecom services provider. Around 9.47 crore equity shares of Vodafone Idea have exchanged hands, according to NSE data. The stock had hit a record low of Rs 6.33 on January 27. "Investors are advised to stay away from this stock and existing investors may take this opportunity to exit their holdings," he said. Zee Business panellist and market expert Rakesh Bansal said that Rs 7.50 was a critical level for the stock. After today's gap-up, the next level to watch in Idea is Rs 8 which will act as a big resistance.Last week, the government approved the conversion of over Rs 16,133 crore interest dues of debt-ridden Vodafone Idea into equity, the company said in a regulatory filing. Equity shares of face value of Rs 10 each will be issued to the government at the same price. Click Here For Latest Updates On Stock Market | Zee...

Vodafone Idea share price surges over 5% on reports of business revival plan

As per the plan submitted to the government, Aditya Birla Group and Vodafone Group will soon invest fresh equity worth ₹2,000 crore in the telco. They will work with the company to raise another ₹7,000 crore either as direct equity or through convertible structures from external investors, the report said. Also read: CDSL share price slumps over 4% amid block deal buzz; check details It is to be noted that the promoters of Vodafone Idea have already invested ₹5,000 crore as fresh equity since the government's telecom revival package in September 2021. In the last three months, Vodafone ₹8.17 apiece on the BSE. Catch Live Market Updates here

Vodafone Idea Share Price Today

Vodafone Idea Limited Quick Overview Vodafone Idea Limited is an India-based telecom service provider. The Company is engaged in the business of mobility and long-distance services. It provides pan-India voice and data services across second-generation (2G), third-generation (3G) and fourth-generation (4G) platforms. Its Vodafone Idea business services provide communication solutions to global and Indian corporations, public sector and government bodies, small and medium enterprises and start-ups. It offers voice services, broadband services, and content and digital offerings. Its other services include entertainment services, such as sports, interactive voice response (IVR)-based content, wireless application protocol (WAP)-based games; voice and short message service (SMS)-based services, such as caller tunes, voice and SMS chat, star talk, expert advice and subscriptions services; and utility services, such as missed call alerts, doctor on call and astrology services. About Vodafone Vodafone India was one of India's largest telecommunications providers in India. It was the Indian subsidiary of the UK-based Vodafone Group plc and was headquartered in Mumbai, Maharashtra. Initially, the company was called Hutchison Max Telecom Ltd., a joint venture between Hutchison Whampoa and the Max Group. Hutch often received praise for its memorable and award-winning advertising campaigns, especially the ones featuring a pug named Cheeka who followed a young boy around in unlikely pl...

Vodafone Idea to see ₹14,000 crore equity infusion as part of revival plan: Report

Vodafone Idea to be worst affected as tariff hikes expected after June 2024 The delay in increasing headline tariffs due to upcoming state and The significant outstanding debt of Rs1.96 trillion owed by “The rising competitive intensity to attract premium subscribers and several key state and general elections over the next 12 months would likely delay tariff hikes to June 2024 (after the general elections). Though a delay in the tariff raise is negative for all three telcos, we believe Vi would be the worst impacted.," analysts at Kotak Institutional Equities Research said in a note. Analysts estimated that the Aditya Birla Group promoted telecom services provider will face a cash shortfall of Rs5400 crore in FY24 and survival would be a challenge without a large and expedited fund raise. In addition to this, Vodafone Idea owes nearly Rs13500 crore in vendor payments.

Vodafone Idea shares crash over 24% as Kumar Mangalam Birla steps down

• • • • Vodafone Idea shares crash over 24% as Kumar Mangalam Birla steps down Vodafone Idea shares crash over 24% as Kumar Mangalam Birla steps down Vodafone Idea (Vi) share price: The stock of the struggling telecom major tanked 24.16 per cent to Rs 4.55 apiece on the National Stock Exchange (NSE), while on BSE it sunk 24.54 per cent to Rs 4.55 per share. Shares of Vodafone Idea plunged over 24 per cent on Thursday after Kumar Mangalam Birla stepped down as non-executive director and non-executive chairman of the board with effect from Wednesday. The stock of the struggling telecom major tanked 24.16 per cent to Rs 4.55 apiece on the National Stock Exchange (NSE), while on BSE it sunk 24.54 per cent to Rs 4.55 per share. During this week so far, it has crashed 44.84 per cent since Monday’s close. In comparison, shares of its competitor Bharti Airtel rose 6.93 per cent on the BSE and 6.89 per cent on NSE to Rs 614.00 apiece in the morning trade. Oil-to-telecom behemoth Reliance Industries (RIL) rose 0.91 per cent to Rs 2122.65 on BSE and 0.92 per cent to Rs 2,123.20 on NSE. Explained | At 12:02 pm, Vi stock was trading at Rs 5.31 on the BSE, down Rs 0.72 (11.94 per cent), while on NSE it was at Rs 5.35, down Rs 0.65 (10.83 per cent). Over 30.10 crore shares were traded on the BSE so far while over 142.17 crore shares exchanged hands on NSE, data from the respective stock exchanges showed. “The Board of Directors of Vodafone Idea Limited, at its meeting held today, have ac...

vodafone idea share price: Vodafone Idea jumps over 10% ahead of board meeting to mull fundraise

Synopsis We wish to inform you that a meeting of the board of directors of the company is scheduled to be held on Tuesday, 31st January 2023, in relation to the said preferential issue of OCDs to ATC and to convene the extraordinary general meeting of the company to seek approval of the shareholders in this regard," Vodafone Idea said in a BSE filing Vodafone Idea and ATC had agreed to extend the last date to issue optionally convertible debentures till February 28 after the shareholder's approval to issue the debentures lapsed in December. "We wish to inform you that a meeting of the board of directors of the company is scheduled to be held on Tuesday, 31st January 2023, in relation to the said preferential issue of OCDs to ATC and to convene the extraordinary general meeting of the company to seek approval of the shareholders in this regard," Vodafone Idea said in a BSE filing. The equity conversion by the government is critical for Vi to induct investors and raise funds for expanding its 4G network, outlining its 5G rollout plans and clearing vendor dues. Once the conversion happens, analysts reckon the government will hold about 33% of Vi’s equity and become the single-largest shareholder in the entity. However, the government is believed to have pushed Vi to present a clear fund-raising plan, including more promoter infusion, before it goes ahead with the conversion. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. • 851.85 10:4...