Tue, Dec 17, 2024
Leading telecom operator Vodafone Idea (Vi) on Tuesday outlined its strategy to consolidate its position in the Kolkata and Rest of Bengal (RoB) circles by enhancing its 4G network footprint, focusing on digitalisation, and expanding its retail presence.
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Tue, Dec 10, 2024
Vodafone Idea shares rose by 2% after the company's board approved a Rs 1,980 crore preferential issue. This decision aims to strengthen the company’s financial position. Watch to learn more about Vodafone Idea’s latest move and its impact on the stock.
Mon, Dec 09, 2024
Private sector telecom operator Vodafone Idea's board on Monday cleared a proposal to raise Rs 1,980 crore through preferential shares.
Wed, Feb 28, 2024
Vodafone Idea's share price declines as the telecom operator's board approves fundraising of Rs 45,000 crore through equity and debt. The company aims to raise Rs 20,000 crore through equity or equity-linked instruments, with promoters participating in the proposed equity raise. The move follows a notable improvement in operating metrics, including consecutive growth in 4G subscribers and ARPU over the last 10 quarters.
Vodafone Idea fund raise news: The Vodafone Idea stock dropped as much as 4.9 per cent to Rs 15.1 apiece in early deals on BSE, a day after the private sector telecom company's board gave a nod to a plan to raise funds up to Rs 20,000 crore through equity and or equity-linked instruments.
Tue, Feb 27, 2024
"The Board has also authorised the management to appoint various intermediaries, including bankers and counsels, to execute the fund raise. The Company will call for a meeting of its shareholders on April 2, 2024, and post-shareholder approval, it expects to complete the equity fund raise in the coming quarter," said Vodafone Idea in a statement post-market hours on Tuesday.
The telecom firm on February 22 informed that it would held a Board of Directors meeting on February 27 to discuss fund raising plans through rights issue, further public offer, private placement including preferential allotment, qualified institutions placement, and other means.
Fri, Feb 23, 2024
The jump in the Vodafone Idea share price was seen after the company announced that, in a meeting on February 27, it would consider raising funds in one or more tranches by way of a rights issue, further public offer, private placement, including preferential allotment, qualified institutions placement or through any other permissible mode.
Mon, Jan 29, 2024
During the quarter under review, the revenue from operations for the ailing telco came in at Rs 10,673.1 crore, nearly flat over the corresponding period previous year. VIL's revenue from operations stood at Rs 10,620.6 crore in the third quarter of FY23.
Thu, Jan 11, 2024
According to the filing, the order was passed on January 10 against the debt-ridden telecom firm for alleged "wrongful transition of CENVAT credit to Goods and Services Tax (GST) regime".
Mon, Jan 01, 2024
Nestle shares, after notching an all-time high, ended with 3 per cent gains at Rs 27,372.4 as the stock is set to trade ex-split on January 5.
Thu, Nov 09, 2023
The Bombay High Court on Wednesday directed the IT department to refund Rs 1,128 crore to Vodafone Idea paid by the telecom operator in taxes for the assessment year 2016-2017.
Wed, Nov 01, 2023
Sectorally, it was a mixed session, with metal pack emerging as the top laggard, while realty index was the outperformed.
Fri, Oct 27, 2023
PM Modi inaugurated the 7th India Mobile Congress and awarded 100 ‘5G Use Case Labs’ established in educational institutions across India as part of the ‘100 5G Labs’ initiative. He also said that India is not only expanding 5G in the country but also moving in the direction of becoming leaders in the area of 6G technology. n this video, we will take a closer look at PM Modi's speech and what it means for India's future in 6G technology.
Stock market today: Meanwhile, broader markets outperformed the headline indices, with Nifty Midcap 100 gaining 1.53%. On a weekly basis, amid the global worries, both the indices slipped around 2.5 per cent each.
Thu, Oct 26, 2023
VIL has incurred a loss of Rs 16,566.7 crore for the six months ended September 30, 2023. Its net worth at the end of the reported quarter stands at negative Rs 90,411.1 crore.
Research estimates the company's revenue to rise by 0.4 per cent to Rs 10,700 crore in the quarter under review from Rs 10,656 crore in the first quarter of the same financial year. The company's average revenue per user is estimated to improve by 1.4 per cent to Rs 141 from Rs 139.
Fri, Oct 06, 2023
The company further said it is studying the communication to decide the next course of action.
Thu, Sep 28, 2023
As per TRAI data, a total of 26.7 lakh customers were added in July, wherein Reliance Jio, the telecom arm of RIL, added 39.1 lakh customers against 22.7 lakh in June, Bharti Airtel added 15.2 lakh customers against 14.1 lakh month-on-month (MoM). On the contrary, Vodafone Idea lost 13.2 lakh customers during the month.
Mon, Sep 18, 2023
Vodafone Idea paid ₹1701 crore with interest to DoT. Why positive for Indus Towers? Know the complete news in this video
Vodafone India has made a requisite payment of Rs 1,701 crore to the Department of Telecommunications telecom department towards 2022 Spectrum Auction Instalment.
Sun, Sep 17, 2023
On August 24, CARE Ratings revised the outlook assigned to the long-term bank facilities and instruments of Vodafone Idea Limited (VIL) from 'Positive' to 'Stable' acknowledging delay in fund raising from investors and financial institutions against the envisaged timelines, while the ratings have been reaffirmed.
Wed, Aug 23, 2023
The telecom company reportedly announced on Tuesday (August 22, 2023) that it would clear about Rs 2,400 crore of dues to the central government by September.
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