Vodafone Idea Shares Fall Nearly 2% As Profit Booking Begins

Sebi exempts govt from making open offer to Vodafone Ideas shareholders post-dues conversion

New Delhi, Apr 3 (PTI) Markets regulator Sebi on Thursday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) following its proposed acquisition of just over 34 per cent stake in the telecom operator on the conversion of spectrum dues into equity. In its order, Sebi Whole Time ... Read more The post Sebi exempts govt from making open offer to Vodafone Ideas shareholders post-dues conversion appeared f…

Vodafone Group Public (NASDAQ:VOD) Shares Gap Up – Here’s Why

Vodafone Group Public Limited (NASDAQ:VOD – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $9.12, but opened at $9.46. Vodafone Group Public shares last traded at $9.34, with a volume of 1,094,496 shares trading hands. Wall Street Analyst Weigh In VOD has been the […]

Vodafone Idea Shares Fall Nearly 2% As Profit Booking Begins

Shares of Vodafone Idea Ltd. fell nearly 2% on Thursday as investors began profit booking. This comes after the shares rose nearly 26% on Tuesday and hit over one-month high.On Tuesday, the stock had risen after the government announced it would pick up more stake in the debt-laden telecom operator, in lieu of spectrum auction dues. Vodafone Idea has been directed to issue 3,695 crore equity shares of face value Rs 10 apiece, at par within 30 da…

Government Equity Conversion Only A Short Lifeline For Vodafone Idea - Forbes India

Vi has been busy upgrading its subscriber base from 2G to 4G, providing more bundled offerings and higher value products to these subscribers. Image: Indranil Mukherjee / AFP[/CAPTION]Loss-making Vodafone Idea (Vi) will be able to breathe easy, but only just and not for long. The government has approved Vi’s request to convert Rs 36,950 crore spectrum liability into equity. It means the government’s stake in Vi rises to nearly 49 percent—without…

Banks Wary of Lending to Vodafone Idea Despite Government’s Equity Boost: Report

Vodafone Idea (Vi) secures a government-led equity conversion of Rs 36,950 crore, boosting its loan prospects. However, banks remain cautious due to outstanding liabilities.