Shares of telecom company Vodafone Idea have fallen by 16% in one month and by 20% in the current year so far, following global brokerage firm Goldman Sachs’ commentary on the stock. The global brokerage firm Goldman Sachs, earlier in the last week, had given a target price of just Rs 2.5 and signaled a … Read more
Telecom company Vodafone Idea (Vi) has said that its board will meet on Thursday to consider issuing equity shares or convertible securities on a preferential basis to its vendors. Experts say this move likely is a way to fully or partly pay off its dues to vendors such as Indus Towers. “…a meeting of the … Read more
Vodafone Idea (Vi) CEO Akshaya said the telco is looking at further conversions of government dues into equity as well as internal accruals to address payout obligations toward spectrum and adjusted gross revenue (AGR). The moratorium on these payments ends in September 2025. The statement came during Vi’s FY24 fourth-quarter earnings call Friday. Moondra was … Read more
Debt-ridden telecom operator Vodafone Idea, which completed its Rs 18,000 crore FPO successfully on Monday, has seen its retail shareholding growing by 55 lakh to 36.2 lakh in March quarter. The ownership of retail investors, defined as those with holdings of up to Rs 2 lakh in the stock, increased from 3.32% in December 2023 … Read more
Debt-ridden telco Vodafone Idea (VI), which has been plagued by losses and subscriber erosion, is coming up with a follow-on public offer (FPO) on April 18. The Rs 18,000 crore share sale is expected to attract some marquee investors including GQG Partners, Morgan Stanley Investment Management, AustralianSuper, Fidelity among others. Bloomberg reported that GQG will … Read more
