Page 18 - Vodafone Idea

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

Stocks to Watch on March 20: Voda Idea, JK Cement, TCS, Star Health, IFCI

Stocks to watch on March 20, 2024: ATC Telecom has asked Vodafone to convert the former's optionally convertible debentures worth Rs 1,440 crore into equity shares of the telecom company

Vodafone Idea to meet institutional investors in Singapore, Mumbai

The telecom operator is looking to raise Rs 45,000 crore through both debt and equity

Vi surrenders partial spectrum in Uttar Pradesh east, West Bengal

Debt-ridden telecom operator Vodafone Idea has surrendered partial spectrum in 900 and 1800 Mhz band that were due for renewal in 2024. While the amount of spectrum surrendered by Vodafone Idea could not be ascertained, sources indicated it to be around 12 megahertz in both bands. When contacted, Vodafone Idea spokesperson said, "Upon assessing our usage and needs, we have surrendered some spectrum in both West Bengal and UP East. We remain committed to providing seamless services to our customers while also focussing on optimising for operational efficiency and future growth". Separately, in an investor presentation, VIL said it has completed the minimum roll out requirement for 5G services in 4 telecom circles, and the company has a target to cover 40 per cent of revenues population coverage with 5G in the first 24-30 months.

Telecom giants shift focus to tier-based post-paid tariffs to boost revenue

Higher-priced family-pack bundles offer multiple mobile connections, generous data allowances, and subscriptions to popular OTT streaming apps to encourage users to upgrade to higher-ARPU-generation

Vi deploys network to improve connectivity across Kolkata underwater metro

Telecom operator Vodafone Idea (Vi) on Wednesday said it has completed the deployment of network infrastructure across the East-West Metro corridor route of Kolkata's recently-inaugurated Underwater Metro Rail Service. Vi has deployed network infrastructure across all 17 stations on the Green Line route, the company said. With this, Vi customers travelling via the underwater metro rail service will experience uninterrupted connectivity across the entire 16.6-kilometre route of the Green Line metro.

TMS Ep640: SC on Patanjali, Blinkit, Vodafone Idea stock, CBAM

Where does the buck stop after SC rap on Patanjali? Can Blinkit challenge Amazon & Flipkart? Why did Vodafone Idea's fundraise plan fail? What is the Carbon Border Adjustment Mechanism? Answers here

Best of BS Opinion: A delayed call, Accepting our income demographic & more

Here is the best of Business Standard's opinion pieces for today

A delayed call

Revival of Vodafone Idea remains a challenge

Vodafone Idea Rs 45,000-crore fundraising plan elicits mixed signals

Shares of debt-laden Vodafone Idea plummeted 15 per cent to Rs 13.50 apiece in trade in Wednesday's intraday trade

Will Voda Idea hold this weekly support level? Check key levels here

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.