Vodafone Idea Ltd Share Price (IDEA)

Vodafone Idea Follow-On Offer Receives Modest Response - 18 Apr, 2024

Vodafone Idea's Rs 18,000 crore follow-on offer opened to a modest response with just 26% of shares being sought by investors. The funds will be used for network expansion. CEO suggests the company may need further government support after the moratorium on AGR and spectrum dues ends in September 2025.

Vodafone Idea Secures Funding for Growth Capex - 17 Apr, 2024

Vodafone Idea raises Rs 5,400 crore from anchor investors and plans to raise Rs 18,000 crore through a follow-on public offer. The company aims to improve its positioning in the Indian telecom market, strengthen 4G services, launch 5G services, and pay vendor dues.

Investors Eye Vodafone Idea's FPO; GQG Partners Plans $400M Investment - 16 Apr, 2024

Foreign and domestic institutional investors, including GQG Partners, plan to participate in Vodafone Idea's Rs 18,000 crore FPO. The company has set a price range of ₹10-₹11 per share. Rajiv Jain-led GQG Partners LLC plans to invest around $400 million. Shares dropped by 3.95% due to the opening of the anchor book allocation for the FPO.

Vodafone Idea Launches Follow-On Public Offering to Boost Network Coverage - 15 Apr, 2024

Vodafone Idea is set to raise up to Rs 18,000 crore through a share sale to fund 5G infrastructure and clear deferred payments. The company aims to cover 40% of its revenue base with 5G services in the next 24-30 months. Vodafone Idea's CEO said that the FPO would be fully subscribed by anchor investors and that 5G services would be rolled out within six-nine months after the FPO.

Vodafone Idea to Launch FPO to Raise ₹18,000 Crore - 14 Apr, 2024

Analysts expect a 1.6% drop in revenue sequentially and a 2-million subscriber loss for Vodafone Idea's upcoming FPO. The funds will be used to launch 5G service and enhance 4G coverage, benefiting Indus Towers. Indus revenue growth is expected to be around 6% sequentially.

Vodafone Idea Announces Follow-On Public Offer and Approves Fundraising Plan - 13 Apr, 2024

Vodafone Idea plans to raise Rs 20,000 crore through equity by June-end. The company has announced an FPO of up to Rs 18,000 crore and approved raising Rs 2,075 crore from Aditya Birla Group. These funds will help the telco improve its positioning in the Indian telecom market and strengthen its finances for 5G rollout and payment of vendor dues.

Vodafone Idea Announces FPO and Potential Investment from GQG Partners and SBI MF - 12 Apr, 2024

Vodafone Idea is set to launch an FPO of equity shares worth up to Rs 18,000 crore, with Jefferies, SBI Caps, and Axis Capital as lead managers. Additionally, GQG Partners and SBI Mutual Fund are considering investing up to $800 million in the telecom firm's $2.16 billion share offering.

Vodafone Idea Faces Subscriber Churn & Financial Crunch - 10 Apr, 2024

Vodafone Idea faces subscriber churn and financial crunch, leading analysts at CLSA to warn that shares could drop 61%. However, Vi aims to raise up to Rs 20,000 crore through an FPO, backed by the Indian government, to strengthen its network and fund the launch of 5G services.

Vodafone Idea Board Approves Fund-Raising & Share Issuance - 08 Apr, 2024

Vodafone Idea's board has approved raising funds of up to Rs 20,000 crore through equity and/or equity-linked instruments. Additionally, the company will issue shares worth Rs 2,075 crore to promoters at an 11% premium. In other news, Vodafone Idea lost 1.11 million active users in February 2024 while Jio widened its customer market share.

Vodafone Idea Board Approves Share Issuance and Allotment - 07 Apr, 2024

The Vodafone Idea board has approved the issuance and allotment of shares worth Rs 2,075 crore to Oriana Investments Pte. Ltd on a preferential basis. The company also plans to increase its authorized share capital to Rs 1 trillion. These moves are part of a wider funding program aimed at expanding 4G coverage, rolling out 5G networks, and increasing capacity.

Vodafone Idea Approves Fundraising Plan - 06 Apr, 2024

Vodafone Idea (Vi) has approved a fundraising plan that includes issuing 139.5 crore shares to its promoters and increasing authorized share capital to Rs 1 lakh crore. The company plans to raise Rs 45,000 crore through a mix of equity and debt to repay vendors, strengthen its 4G network, and fund the launch of 5G services.

Vodafone Idea Launches Cloud Gaming Service - 05 Apr, 2024

Vodafone Idea has partnered with CareGame to launch a new mobile cloud gaming service named Cloud Play. The subscription-based service offers a wide range of AAA games across various genres and is accessible via the Vi Web and App platforms. The service promises instant gameplay without downloading, saving device memory, and can be accessed on low-end smartphones. Avneesh Khosla, CMO of Vodafone Idea, highlights the potential of the fast-evolving gaming landscape.

Vodafone Idea Plans Fundraising Through Equity Sale - 04 Apr, 2024

Vodafone Idea plans to raise Rs 20,000 crore through an FPO and has appointed Axis Bank, Jeffries Group, and SBI as lead bankers. The telecom major also seeks to issue equity shares/convertible securities worth Rs 2,075 crore to promoters.

Vodafone Idea Receives Shareholders' Approval for Fundraising Plan - 03 Apr, 2024

Vodafone Idea has received approval from its shareholders to raise up to Rs 20,000 crore through the issuance of securities. The company plans to use the funds to expand its 4G network and roll out 5G services. This is part of a larger plan to raise around Rs 45,000 crore through a combination of equity and debt. The stock rose by 4% following the announcement.

Vodafone Idea Seeks Shareholder Approval for Fund Raise - 02 Apr, 2024

Vodafone Idea seeks shareholder approval to raise up to Rs 20,000 crore through issuing securities and equity-linked instruments to improve competitive positioning in the Indian telecom market. The company has been losing subscribers month after month and has a debt of Rs 2.1 lakh crore.

Vodafone Idea Faces Subscriber Losses and Seeks Fundraising Approval - 01 Apr, 2024

Vodafone Idea continues to face subscriber losses, with a decline of 15.2 lakh wireless subscribers in January. The company is seeking approval for a Rs. 20,000 crore fundraising plan through equity and equity-linked instruments at an EGM on April 2. Shares rose after allotting equity shares worth Rs. 1,440 crore to ATC Telecom Infrastructure.

GSMA Urges Indian Government to Recognize 6 GHz Band for 5G Network Demand - 29 Mar, 2024

The GSMA has called on the Indian government to recognize airwaves in the 6 GHz band for commercial mobile services and include it in the National Frequency Allocation Plan (NFAP) to support telcos' 5G network demand. The move could benefit Vodafone Idea, among other telecom companies.

Vodafone Idea Launches Entertainment App, Plans Fundraising - 27 Mar, 2024

Vodafone Idea has launched an all-in-one entertainment app for its subscribers offering access to over 13 OTT apps and over 400 live TV channels. The telco is also planning a fundraising round that could present new revenue opportunities for vendors such as Nokia and Ericsson.

Vodafone Idea Receives Neutral Rating Upgrade by UBS; Indus Towers Hits 52-Week High - 26 Mar, 2024

UBS has upgraded Vodafone Idea's rating to neutral and increased its price target to Rs 13.1 due to positive funding developments. Indus Towers hit a 52-week high after American Towers converted Vodafone Idea OCDs into equity, increasing the possibility of Indus Towers' recovery of dues.

Vodafone Idea Trails Behind Jio and Airtel; Announces Discounts During IPL Season - 25 Mar, 2024

Vodafone Idea continues to trail behind competitors Jio and Bharti Airtel in terms of market share. The company has announced discounts and data offerings for prepaid users during the IPL 2024 season. Meanwhile, Jio's subscriber share rose to 46% in Q3 FY24, while Bharti Airtel's increased to 33.5%.