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
Mumbai: Vodafone Idea’s ₹18,000 crore follow-on public offer (FPO), India’s biggest, closed successfully on Monday, having been subscribed 7 times, with strong demand from global institutional investors. The allotment for qualified institutional buyers (QIBs) was subscribed 19.3 times, of which 82% bids came from foreign institutional investors (FIIs). The non-institutional investor (NII) portion got bids … Read more
Mumbai: Vodafone Idea’s Rs 18,000 crore follow-on public offer (FPO), India’s biggest, was fully subscribed on the third day, with global institutional investors like GQG, Capital Group, and Fidelity Investments showing strong interest in the telecom company. The qualified institutional buyers (QIBs) portion was subscribed 1.23 times, while the non-institutional investors (NIIs) portion and the … 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
Benchmark indices hit new peaks on Tuesday with Sensex breaching the historic 75,000-mark for the first time during intra-day before ending the session marginally lower on profit-booking at higher levels. Stocks that were in focus included names like Hindustan Zinc, which jumped nearly 17%, Vodafone Idea, which fell 2%, and Angel One, whose shares declined … Read more
Equity indices snapped the three-day winning run on Tuesday amid weak trends in US markets. The 30-share Sensex declined 110 points to settle at 73,903 and the broader Nifty closed lower by 8 points at 22,453. Stocks that were in focus included names like AB Capital, which jumped 10.5%, Aster DM, which rose 0.5%, and … Read more
Benchmark indices edged lower in a volatile trade on Friday. The 30-share BSE Sensex slipped 15 points to close at 73,142 and the broader Nifty closed lower by 4.75 points at 22,212. Stocks that were in focus included names like Sona BLW Precision, which rose 5.9%, Jio Financial, which was up 10.62%, and Vodafone Idea, … Read more
ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 38% as per analysts’ price targets. Indus Towers BROKERAGE BOFA SECURITIES Price Target: Rs 280 CMP: Rs 240.5 Upside: 16% Vodafone Idea’s potential fund raise for network expansion to be positive for Indus as it … Read more
The week gone by saw Nifty50 ending with a minor decline of over 0.1% on a weak-on-weak basis. However, it was not without action as over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 8,862 crore which included both buying and selling action. In the largecap segment, 15 … Read more
New Delhi: Vodafone Idea on Tuesday denied a media report of talks with Elon Musk-owned Starlink for a stake sale, sending the telecom operator’s shares down by 5.65%. The shares had hit a 52-week high intraday Monday, gaining nearly 40% in two trading sessions after the report emerged on the Starlink talks. “In this regard, … Read more
