Aditya Birla Group to infuse ₹2075 crore in Vodafone Idea; telecom stock reacts
The board of Vi has approved an issuance of up to 139.5 crore equity shares at an issue price of ₹14.87 per equity share to Oriana Investments, an entity under the Aditya Birla Group.
Vodafone Idea stock tanks 12% as board approves ₹20,000 cr equity fundraise
Through a combination of equity and debt, the company plans to raise around ₹45,000 crore.
Vodafone Idea share zooms 23%, hits 52-week high; here’s why
Vi is facing capital constraints, but is in a much better position than telcos that went defunct in the not-so-distant past, says ICICI Securities
Airtel, Vodafone Idea shares fall after Reliance launches 'JioBharat' phone at ₹999
This disruptive move can halt incremental tariff increases for 2G and help Reliance Jio gain share in that segment, say analysts.
Vodafone Idea shares jump 10% as Kumar Mangalam Birla returns to board
KM Birla has returned to the board of Vi as an additional director (non-executive and non-independent) with effect from April 20, 2023.
Tariff rejig to drive postpaid share to 12% in FY24
The telecom sector's postpaid ARPU is estimated to have declined to around ₹245 in FY23 from around ₹275 in fiscal FY21.
Vodafone Idea allots ₹1,200 cr debentures to ATC Telecom Infra; stock up 2%
Vi has issued 1,200 debentures of the face value of ₹10 lakh each to ATC Telecom Infrastructure, while the balance 400 securities will be allotted later.
Will government rescue Vodafone Idea turning as its largest shareholder?
Shares of the company jumped more than 13% in the intraday trade on Wednesday expecting a positive response from the government.
Who will break the deadlock at Vodafone Idea?
The banks want the government to come in as the largest stakeholder to release ₹20,000 crore loan to VIL.