Shares of Vodafone Idea (VIL) hit a high of Rs 13.40 bouncing back 10 per cent from its intra-day low on the National Stock Exchange (NSE) in Thursday's intra-day trade amid heavy volumes.
Regulator Trai on Wednesday recommended that telecom service licensees be allowed to share passive infrastructure, including buildings, towers, electrical equipment and dark fibre, owned and operated by them with all types of telecommunication service licensees. The sector regulator further mooted that telecommunication service licensees should also be allowed to share all kinds of active infrastructure elements owned and operated by them with other telecommunication service licensees as per the scope of their services. The recommendations were part of the Telecom Regulatory Authority of India's (Trai's) views on 'Telecommunication Infrastructure Sharing, Spectrum Sharing, and Spectrum Leasing' released on Wednesday. Trai said the implementation of the recommendations will help telecom service providers with greater cost efficiencies and improved time to market. It would also enable telecom service providers to offer better quality of service and wider coverage. At present, only ..
The monthly average revenue per user (ARPU) for wireless service rose to Rs 152.5
Vodafone Idea FPO raised Rs 5,400 crore from anchor investors, which includes Rs 1,347 crore investments from the US-based GQG Partners.
Retail investors will need a minimum of Rs 14,278 to bid for one lot of Voda Idea FPO; maximum bid can be for up to 18,172 equity shares at the higher-end of the FPO price band.
Stocks to watch on Thursday, April 18, 2024: Vi FPO opens today. Bajaj Auto and Infosys scheduled to report Q4 results; analysts expect single-digit growth in revenues from the latter.
Vodafone Idea (Vi), India's third-largest telecom operator, has raised about Rs 5,400 crore in its follow-on public offering from anchor investors
Analysts say while the fundraising could strengthen Vodafone Idea's infrastructure, the company faces challenges on the financial front
Stocks to watch on Tuesday, April 16, 2024: Balrampur Chini, Bandhan Bank, Exide, GNFC, Hind Copper, India Cement, Metropolis, National Aluminium, PEL, SAIL and Zee are the 11 stocks in F&O ban today.
Plans to use Rs 18K cr FPO's proceeds to upgrade infra, clear deferred payments; govt holding will dilute to 24% from 32% currently
The company's Rs 18,000 crore FPO is set to open for subscription on April 18 and will close on April 22
Vodafone Idea has enlisted Jefferies, SBI Caps, and Axis Capital as lead managers for the FPO
Stocks to watch on Wednesday, April 10, 2024: Seven stocks including Bandhan Bank, Exide Industries, Hindustan Copper, Vodafone Idea, India Cement, SAIL and Zee Entertainment are in F&O ban today.
Stocks to watch on Monday, April 08, 2024: Shares of healthcare related firms likely to be in focus as Manipal nears acquisition of Medica Synergie.
Stocks to Watch on Thursday, April 4: State-owned Union Bank of India has raised $500 million (about Rs 4,200 crore) from foreign markets to fund overseas business growth
As of 10 AM on Friday, Yes Bank, Voda Idea, IRFC, NHPC and Tata Steel were the top traded stocks among the Nifty 200 index. Here's a technical outlook on the select shares.
Revival of Vodafone Idea remains a challenge
Stock market highlights on Wednesday, February 28: The BSE MidCap and SmallCap indices declined 1.8 per cent and 1.9 per cent, respectively
With Wednesday's 9 per cent fall, Vodafone Idea has declined over 20 per cent in the last three trading sessions from its recent high; stock is now trading close to its weekly support level.
Vodafone Idea board on Tuesday approved a fund-raise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments, the crisis-ridden telco said, adding promoters will also participate in the proposed equity raise. Overall, Vodafone Idea plans to raise around Rs 45,000 crore through a mix of equity and debt, the company said. The company has been fighting a desperate battle for survival -- it has a debt of Rs 2.1 lakh crore and is reporting quarterly losses, amid massive subscriber churn. On Tuesday, the troubled telco said its Board of Directors have approved fund-raise of up to Rs 20,000 crores via a combination of equity and / or equity-linked instruments. The Board has also authorised the management to appoint bankers and counsels to execute the fund raise. The company will call for a meeting of its shareholders on April 2, 2024, and post-shareholders' approval it expects to complete the equity fund raise in the coming quarter. The promoters will also