Vodafone Idea Ltd Share Price – NSE  /  BSE

Telecomm-Service, Mid Cap

Vodafone Idea has allotted 41,52,02,701 equity shares of Rs 10 each at an issue price of Rs 14.80 per share in fourth tranche to Nokia Solutions and Networks India (25,67,56,756 equity shares) and Ericsson India (15,84,45,945 equity shares), vendors (non-promoter) of the Company, aggregating to Rs. 614.5 crore, on a preferential basis.

Consequent to the aforesaid allotment of equity shares in the Offer, the paid-up equity share capital of the Company stands increased to Rs 696,996,945,760 comprising of 69,699,694,576 equity shares of the face value of Rs. 10/- each.

With the aforesaid allotment of fourth tranche, the entire preferential issuance of 16,608,10,804 equity shares at an issue price of Rs. 14.80 per share, aggregating to Rs. 2,458 crore, as approved by the Board and shareholders, is now complete.

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The company allotted 41,52,02,701 equity shares of face value of Rs 10 each at an issue price of Rs 14.80 per equity share, to Nokia Solutions (25,67,56,756 equity shares) and Ericsson India (15,84,45,945 equity shares), vendors (non-promoter) of the company, aggregating to Rs 614.5 crore, on a preferential basis.

Following the allotment of equity shares in the offer, the paid-up equity share capital of the company stands increased to Rs 688,692,891,740 comprising of 68,869,289,174 equity shares of the face value of Rs 10 each.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service provider. The company provides pan India voice and data services across 2G, 3G and 4G platforms. The company holds large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave 5G spectrum in 16 circles.

The telecom service provider’s consolidated net loss widened to Rs 7,674.6 crore in Q4 FY24 as compared with Rs 6,418.9 crore in Q4 FY23. Revenue from operations increased marginally to Rs 10,606.8 crore in Q4 FY24 as against Rs 10,531.9 crore posted in Q4 FY23.

The scrip slipped 3.04% to end at Rs 16.28 on Thursday, 18 July 2024.

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Vodafone Idea (Vi) announced the launch of new plans for its prepaid and post-paid consumers that will be effective from 04 July 2024.

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Vodafone Idea announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 July 2024 .

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