Page 16 - Vodafone Idea

Should you subscribe to Vodafone Idea FPO? Analysts weigh in

Analysts say while the fundraising could strengthen Vodafone Idea's infrastructure, the company faces challenges on the financial front

Analyst view: Should you subscribe to Vodafone Idea FPO?

Vodafone Idea’s Rs 18,000 crore follow-on public offering (FPO) is scheduled to open for subscription on April 18, 2024. Vodafone Idea aims to boost existing 4G infrastructure

GQG looking to invest around $400 million in ailing Vodafone-Idea

The $2.2 billion share sale, which will start on April 18 and close April 22, has a floor price of 10 rupees (12 cents) per share and a ceiling price of 11 rupees

Vodafone Idea falls 4%; Rs 18,000-crore FPO anchor book to open today

Vodafone Idea shares have plunged 25.19 per cent year-to-date (YTD), but have surged 7 per cent in the past 6 months

Vodafone Idea earmarks Rs 5,720 crore to roll out 5G wireless network

Plans to use Rs 18K cr FPO's proceeds to upgrade infra, clear deferred payments; govt holding will dilute to 24% from 32% currently

Vodafone Idea allocates Rs 5,720 crore for 5G from FPO proceeds

The company's goal is to extend 5G coverage to 40 per cent of its current revenue base within the next 24-30 months.

Vi expects 5G rollout in 6-9 months after FPO worth Rs 18,000 crore

Ahead of its Rs 18,000 crore further public offer (FPO), Vodafone Idea on Monday said it expects to roll out 5G services in select pockets in 6-9 months of the issue. Its Chief Executive Akshaya Moondra said rollout of the 5G services is one of the objectives of raising the capital from the public and once the funding comes, it will start work on the rollout. The 5G rollout will cover 40 per cent of the company's overall revenue base in the next 24-30 months, Moondra said, without sharing a specific target on when the rollout will happen. A sum of Rs 5,720 crore has been allocated for the rollout, he said, adding that testing and vendor conversations have already begun. However, he did not specify the locations where the rollout will happen. It can be noted that both its rivals Bharti Airtel and Reliance Jio -- to whom it has ceded market share -- have been active on 5G for some months now. Moondra said the company has not been able to roll out 5G services because of lack of ...

Vi FPO to open on April 18: Check lot size, price band, other details

The Vi FPO is scheduled to open for subscription on April 18, 2024, and close on April 22

GQG, SBI funds eye investments in Vodafone Idea $2.16 billion share sale

US-based GQG, run by India-born executive Rajiv Jain, plans to invest about $500 million, while SBI Mutual Fund is considering an investment of $200 million to $300 million

Vodafone Idea to launch country's largest $2.16 bn follow-on public offer

The public offering will open for bids on April 18 and close on April 22

Stocks to Watch today: TCS, Bharti Hexacom, PVR Inox, BoB, Vodafone Idea

Stocks to watch on Friday, April 12, 2024: TCS to announce March quarter results today; likely to set the tone for the IT sector; Bharti Hexacom to debut.

Vodafone Idea stock may more-than-half amid subscriber churn: CLSA

Shares of Vodafone Idea could drop as much as 61 per cent to Rs 5, warns analysts at CLSA

Vodafone Idea to launch FPO next week, seeks to raise Rs 18,000-20,000 cr

Vodafone Idea has enlisted Jefferies, SBI Caps, and Axis Capital as lead managers for the FPO

Jio adds 3.59 million users, corners 40% of market share in February

The company's growth has largely come at the expense of Vodafone Idea (Vi), which has been experiencing significant customer attrition for the past 23 months

Voda Idea gets board nod to raise Rs 2,075 cr from Aditya Birla group

Debt-ridden telecom firm Vodafone Idea on Saturday said its board has approved raising of Rs 2,075 crore from promoter Aditya Birla group and increasing its authorised share capital to Rs 1 lakh crore. The company will seek shareholders' approval at an extraordinary general meeting on May 8 on the proposals, it said in a regulatory filing. The Vodafone Idea board has approved "issuance of up to 1,395,427,034 equity shares of face value of Rs 10 each at an issue price of Rs 14.87 per equity share (including a premium of Rs 4.87 per equity share), aggregating to Rs 2,075 crore to Oriana Investments Pte. Ltd (Aditya Birla Group entity forming part of the promoter group), on a preferential basis," the filing said. The board also approved an increase in the authorised share capital of the company from existing Rs 75,000 crore, divided into Rs 70,000 crore equity share capital and Rs 5,000 crore preference share capital, to Rs 1 lakh crore, the filing said. The increased authorised share

Vodafone Idea receives shareholders' approval for Rs 20,000 cr fundraising

Proposed financing may go towards Vodafone Idea's long-awaited 5G rollout and fortifying its 4G services

Voda Idea holds EGM to seek shareholders' approval to raise Rs 20,000 crore

Troubled telecom operator Vodafone Idea on Tuesday said it has held an extraordinary general meeting to seek shareholders' approval to raise up to Rs 20,000 crore by issuing securities. VIL, in a statutory filing, said that the results of the voting will be intimated, separately. "An Extra-ordinary General Meeting of Vodafone Idea Limited was held today, that is, Tuesday, April 2, 2024, at 3.00 p.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India," Vodafone Idea (VIL) said in a BSE filing. The agenda listed in the extraordinary general meeting (EGM) pertained to "issuance of securities up to an aggregate amount of Rs 20,000 crore". It is pertinent to mention that in February this year, the struggling telecom operator had said its board had approved raising up to Rs 20,000 crore in equity from promoters and other investors by June, as it

Stocks to Watch, April 2: ABFRL, Infy, Hero Moto, AU SFB, Voda Idea, BDL

Stocks to Watch on Tuesday, April 2, 2024: The Board of Aditya Birla Fashion and Retail has authorised to evaluate the vertical demerger of Madura Fashion business into a separate listed entity

Airtel, Vodafone Idea announce additional data, discounts for IPL season

For all prepaid customers, Airtel has reduced the price of its existing unlimited data pack plans from Rs. 49 to Rs. 29