Vodafone Idea share zooms 23%, hits 52-week high; here’s why
Vi is facing capital constraints, but is in a much better position than telcos that went defunct in the not-so-distant past, says ICICI Securities
Vi is facing capital constraints, but is in a much better position than telcos that went defunct in the not-so-distant past, says ICICI Securities
Shares of Vodafone Idea plunged 4% to ₹7 apiece on the NSE.
The Vodafone Idea board meeting held on Monday has approved the conversion of the full amount of interest related to spectrum auction instalments and AGR into equity.
As per the new shareholding pattern, promoter shareholders Vodafone Group and Aditya Birla Group will hold 28.5% and 17.8%, respectively.