Page 15 - Vodafone Idea

Indus Towers Q4 results: PAT rises 32% to Rs 1,853 cr, revenue up 6.5%

Telecom infrastructure company Indus Towers on Tuesday reported around a 32 per cent jump in its consolidated net profit for the fourth quarter ended March 2024. It had registered a net profit of Rs 1,399.1 crore a year ago, as per the company's regulatory filing. The company's consolidated revenue from operations grew 6.5 per cent to Rs 7,193.2 crore during the reported quarter against Rs 6,752.9 crore in the March 2023 quarter. For the year ended March 31, 2024, Indus Towers posted close to a three-fold jump in consolidated profit to Rs 6,036.2 crore from Rs 2,040 crore at the end of the financial year (FY) 2023. The annual revenue from operations of Indus Towers remained almost flat at Rs 28,600.6 crore during the reported fiscal compared to Rs 28,381.8 crore in FY23. "The network expansion by a major customer and increase in our market share helped us deliver record tower additions, surpassing the milestone of 2,00,000 towers. On the financial front, we were pleased to see ste

Vi FPO rings in vigour for telecom sector, may reduce subscriber loss

But low capital expenditure and large debt weigh down Vi's revival prospects

Vodafone Idea's FPO: A Rs 287 crore bonanza for investment bankers

The telecom operator has paid Rs 287 cr to three bankers, second-most ever

ATC Telecom Infra exits Vodafone Idea, sells entire stake for Rs 1,840 cr

ATC Telecom Infrastructure on Friday sold its entire 2.87 per cent stake in telecom operator Vodafone Idea for Rs 1,840 crore through an open market transaction. American Tower Corporation (ATC) Telecom Infrastructure is one of the largest infrastructure service providers for Vodafone Idea. According to the bulk deal data available on the National Stock Exchange (NSE), ATC Telecom Infrastructure Pvt Ltd sold a total of 144 crore shares, representing a 2.87 per cent stake in Vodafone Idea (VIL). The shares were disposed of at an average price of Rs 12.78 apiece, taking the deal size to Rs 1,840.32 crore. ATC Telecom Infrastructure held a 2.87 per cent stake in VI as it has recently converted debentures into equities. Meanwhile, Citigroup Global Markets Mauritius acquired more than 49.12 crore shares, amounting to a 0.98 per cent stake in VIL. The shares were bought at an average price of Rs 12.70, taking the deal value to Rs 623.88 crore. However, Citigroup Global Markets Mauriti

Voda Idea stock rebounds 14% from intra-day low post listing of new shares

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.

Loan for Vodafone Idea: Banks to check liabilities repayment schedule first

Telecom company Vodafone Idea needs to raise about Rs 25,000 crore through loans

Vodafone Idea slips 9% ahead of listing of shares allotted in FPO

The shares allotted in FPO are expected to list on Thursday. The stock had rallied 12 per cent on Tuesday on strong foreign investor's response for FPO

Bharti Airtel denies reports of interest in Vodafone's Indus Towers stake

Amid reports of buying UK-based Vodafone Group's 21 per cent stake in Indus Towers, Airtel affirmed that it is not in any such talks

Strong signal for telecom sector after successful Vodafone Idea FPO

VIL and Airtel have an instant ARPU upside if they can convert voice-only 2G users to 4G (all Jio users are data-enabled)

Vi approves offer price of Rs 11 per equity share for Rs 18,000 cr FPO

Telecom operator Vodafone Idea's (VIL) board has fixed the FPO offer price at Rs 11 per equity share, according to a regulatory filing. The anchor investor offer price of Rs 11 per equity share has also been greenlit by the board. "... Following resolutions were also passed... determined and approved the offer price of Rs 11 per equity share... approved the anchor investor offer price of Rs 11 per equity share," VIL informed. Debt-laden telecom operator Vodafone Idea Ltd has raised Rs 18,000 crore pulling off India's largest-ever follow-on public offering (FPO) as the issue got subscribed nearly seven times after institutional investors poured in money, stock exchange data showed on Monday evening. The fundraise will arm VIL with an ammo to improve its competitive positioning in the Indian telecom market, where it trails Reliance Jio and Bharti Airtel, by a wide margin. "Further to our letter dated 17 April 2024, intimating you about the meeting of the board of directors of the ..

Vodafone Idea rallies 7% on strong foreign investor's response for FPO

India's largest FPO was subscribed 6.4 times. The qualified institutional buyer (QIB) portion of the share sale was bought 17.6 times, with 82 per cent of the bids coming from foreign portfolio

Vodafone Idea's FPO booked 6.4 times as foreign investors bet big

VIL has already allotted 4.9 billion shares to anchor investors, which includes GQG Partners Fidelity, Stichting, Redwheel, Motilal Oswal Mutual Fund and Troo Capital

Shares of Vodafone Idea slide 6% on the last day of Rs 18,000 crore FPO

The company's FPO has been oversubscribed by 3.40 times as of 02:30 PM on Friday. The subscription was led by Qualified Institutional Buyers (QIBs) subscribing the issue 8.71 times,

Vodafone Idea FPO: Issue subscribed nearly 49% a day before its close

The FPO proceeds and the recent Rs 2,075-crore preferential issuance made to the promoter Aditya Birla group is expected to give a few more years of runway to the beleaguered telecom operator

Vodafone Idea FPO picks momentum as institutional investors pour money

Debt-saddled telecom operator Vodafone Idea Ltd's Rs 18,000 crore follow-on offering (FPO) on Friday picked up momentum with close to half of the issue being subscribed, largely by institutional investors. Over Rs 12,000 crore, including Rs 5,400 crore from anchor investors, has been raised by the end of day 2 of the FPO, according to stock market information. Of the 1,260 crore shares on offer, 617.46 crore shares were subscribed on Friday, according to information on the BSE. Qualified institutional buyers picked up 93 per cent of their 360 crore shares reserved for them while non-institutional investors sought 75 per cent out of 270 crore shares earmarked for them. Response from retail investors, who have been offered the biggest chunk, was muted with just 13 per cent of 630 crore shares being picked up. Shares are being offered in a price band of Rs 10-11 apiece, lower than Rs 12.92 closing price of the share on the BSE on Friday. Vodafone Idea shares lost 2.12 per cent in tra

Voda Idea stock jumps 4% as GQG leads strong anchor book demand for FPO

Vodafone Idea FPO raised Rs 5,400 crore from anchor investors, which includes Rs 1,347 crore investments from the US-based GQG Partners.

Vodafone Idea FPO: Here's a step-by-step guide on how to subscribe

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.

Vodafone Idea FPO opens: Price band, how to apply & all you need to know

Vodafone Idea FPO: A total of 74 schemes received allotments in the anchor category, with US-based GQG Partners subscribing to Rs 1,347 crore worth of shares

Vodafone Idea, Indus Towers: Why IIFL Sec is bullish on telecom sector

IIFL Securities has also upgraded Indus Towers stock to 'Buy' with a target of Rs 379, and has raised Bharti Airtel stock's target price to Rs 1,379

Ahead of FPO, Vi raises Rs 5,400 cr, anchor book subscribed over 2x

GQG invests Rs 1,347 cr, likely to invest in main book as well