Mon, Oct 07, 2024
G. Chokkalingam, Founder & Head of Research,Equinomics believes that if government rescues by either writing off its dues from the company or opts for conversion into equity, then there is scope for optimism.
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Tue, Sep 24, 2024
Vodafone Idea share price, Vodafone Idea target price: Shares of Vodafone Idea in Tuesday's trade is in focus after the company's concall held yesterday. Primarily, the company said going forward the industry would need to increase the tariff.
Mon, Sep 23, 2024
Vodafone Idea have recouped some of their previous week's losses as the firm makes the biggest capital investment to scale up its 5G business.
Fri, Sep 20, 2024
After the sharp fall in VIL's share price in over 2 years, global brokerage have iterated their bullish call on the stock.
Thu, Sep 19, 2024
The court upheld the earlier decision, thereby reinforcing the obligation of telecom companies to pay their AGR dues.
Tue, Sep 10, 2024
Vodafone Idea shares gained up to 4 per cent in Tuesday's session as the management sounded optimistic in its investor presentation.
Tue, Aug 13, 2024
The loss of the telecom company narrowed to Rs 6,432 crore, which was better than the estimate of Rs 7,700 crore.
Tue, Jul 16, 2024
Decision on Voda Idea's petition soon. AGR related petition may be listed. SC will soon take a decision on listing the petition. Know complete details from Kushal Gupta.
As the telecom company may get a respite in respect of the AGR dues outstanding, Vodafone Idea shares gathered steam in Tuesday's trade and rallied up to 5 per cent at day's high.
Tue, Jun 18, 2024
In order to pare its debt, Vodafone Group is looking to sell its entire stake in Indus Towers.
Mon, May 27, 2024
Vodafone Idea that had a Rs 18,000 crore Follow-on public offer (FPO) also had a 30-day anchor lock-in period, which is likely to end today. The telecom giant's FPO opened with a 7.27 per cent premium on NSE and nine per cent on BSE.
Tue, May 21, 2024
In a major relief to telecom companies, the Apex Court waived off interest on the licence fee. As per the National Telecom Policy of 1999, telecom companies need to pay a one-time licence fee for entry, apart from another fee that was payable based on these firms yearly turnover.
Fri, May 17, 2024
The company's loss increased to Rs 7,674 crore in the fourth quarter compared to Rs 6,986 quarter-on-quarter (QoQ). Zee Business research estimate for the same was Rs 7,650 crore. Its revenue from operations was down by 0.6 per cent to Rs 10,607 crore from Rs 10,673 QoQ against the analyst estimate of Rs 10,650 crore.
Thu, May 16, 2024
The annual revenue from operations was marginally higher by 1.1 per cent to Rs 42,651.7 crore from Rs 42,177.2 crore in 2022-23.
Thu, Apr 25, 2024
Vodafone Idea FPO: The FPO, which ran between April 18 and April 22, was subscribed nearly seven times.
Wed, Apr 24, 2024
Nuvama says that Vodafone Idea's FPO can also be a turning point for the telecom sector.
Tue, Apr 23, 2024
CLSA wrote that Indus Towers should be the key beneficiary of Vodafone Idea's Rs 18,000 crore FPO. Indus Towers is India’s leading provider passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures.
In a letter to exchanges on Monday, Vodafone Idea wrote: "We wish to inform you that the Board, at its meeting held today i.e. 22 April 2024 has approved and adopted the prospectus dated 22 April 2024 (the “Prospectus”), in connection with the Offer." Vodafone Idea's FPO closed on April 22.
Mon, Apr 22, 2024
The Vodafone Idea follow on public offer (FPO) is subscribed by 6.99 times as of 5:27 pm on April 22. It has been subscribed by 1.01 times in the retail category, 19.31 times in the QIB category, and 4.54 times in the NII category. The stock of the telecom giant that slipped to the day's low of Rs 12.23 on Monday morning recovered to end the session at Rs 12.89.
Thu, Apr 18, 2024
The minimum bid lot for the Vodafone Idea FPO is 1,298 equity shares, and in the multiples of 1,298 equity shares, thereafter. It means that the minimum application amount would be Rs 14,278 for a single lot of shares. The objective of the fundraising is to give the telecom company the firepower to improve its positioning in the Indian telecom market. The FPO would also help the firm to shore up finances for its much-delayed 5G rollout.
Wed, Apr 17, 2024
Vodafone Idea raised Rs 5,400 crore from 74 anchor investors including GQG Partners, Fidelity, and Motilal Oswal. This comes ahead of India's largest follow-on public offering (FPO) by Vodafone Idea, aiming to raise Rs 18,000 crore. Funds will be used for network expansion (4G and 5G) and spectrum payment deferral.
Tue, Apr 16, 2024
Of the total FPO proceeds, Vodafone Idea wants to use Rs 12,750 crore for the purchase of equipment for the expansion of its network infrastructure by setting up new 4G sites; expanding the capacity of existing 4G sites, and setting up new 5G sites. The telecom company is targeting to set Rs 2,175.31 crore from the FPO proceeds for deferred payments for spectrum to the Department of Telecom and the GST. It will use the rest of the funds for general corporate purposes.
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