Tag: Vodafone Idea share price

Vodafone Idea shares acquire 4% submit earnings announcement

Shares of telecom operator Vodafone Idea gained 4 per cent in morning commerce on Wednesday, a day after the corporate reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March.

The inventory jumped 3.31 per cent to Rs 9.03 on the BSE.

At the NSE, it went up by 4 per cent to Rs 9.05 apiece.

Vodafone Idea on Tuesday reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March, in comparison with the identical interval of the earlier yr, whereas its realisation per person or ARPU improved sharply on a sequential foundation aided by November tariff hikes.

VIL’s losses had been at Rs 7,022.8 crore a yr in the past, as per an organization submitting.

Its income from operations rose 6.6 per cent year-on-year to Rs 10,239.5 crore in This autumn FY22. Seen sequentially, the income was up 5.4 per cent supported by tariff hikes efficient November 25, 2021, the corporate stated in an announcement.

The realisation per person measured by way of ARPU — a key metric for telcos — rose to Rs 124 for the just-ended quarter from Rs 115 within the prior three-month interval.

This translated right into a sequential improve of seven.5 per cent in Average Revenue Per User (ARPU), though the corporate’s subscriber base declined to 243.8 million in opposition to 247.2 million in Q3 FY22, primarily as a result of tariff hike.

May 11, 2022
From Axis Bank to Tata Motors: Here are key shares to look at on March 31

The Indian inventory markets rose by 1.2 per cent on Wednesday as hopes rose for a negotiated finish to the Russia-Ukraine battle. The Sensex gained 740 factors to 58,683.99 and the Nifty50 shot up 173 factors to 17,498.25.

Here are the important thing shares to look at on Thursday, March 31, 2022:

Axis Bank

Private sector lender Axis Bank will purchase Citi’s shopper companies for Rs 12,325 crore. The transaction includes the sale of the patron companies of Citibank India, which incorporates bank cards, deposits and loans companies in retail banking, wealth administration and shopper loans.

The deal additionally contains the sale of Citicorp Finance (India) Ltd, comprising the asset-backed financing enterprise, which incorporates industrial car and building tools loans in addition to the private loans portfolio.

Ceat and Apollo Tyres

India’s antitrust physique on Wednesday raided the workplaces of tyre corporations together with Ceat, Apollo Tyres and Germany’s Continental AG in an alleged case of competitors regulation violations.

Telecom shares

The telecom subscriber base within the nation declined marginally to 116.94 crore in January this 12 months, primarily because of the lack of a whopping 93.22 lakh cell phone customers by the biggest telecom service supplier Reliance Jio, the newest knowledge launched by TRAI stated on Wednesday.

The nation had 117.84 crore telecom subscribers in December 2021.

Bharti Airtel was the one web gainer with the addition of seven.14 lakh customers of its cellular companies. Reliance Jio was the most important loser within the cellular companies phase in January because it misplaced 93.22 lakh clients, stated the month-to-month subscriber report of the Telecom Regulatory Authority of India (TRAI).

The variety of wi-fi subscribers decreased by 0.81 per cent to 114.52 crore on the finish of January from 115.46 crore on the finish of December. Vodafone Idea misplaced 3.89 lakh wi-fi subscribers, BSNL 3.77 lakh and MTNL 431.

Tejas Networks

Tata Group agency Tejas Networks will purchase 64.40 per cent stake in semiconductor agency Saankhya Labs for Rs 283.94 crore in an all-cash deal. The preliminary acquisition of Saankhya shares is predicted to shut inside the subsequent 90 days, Tejas stated in an alternate submitting.

“Tejas Networks, upon procuring all necessary consents and approvals, also intends to proceed with acquiring the balance 35.60 per cent shares through a merger process or a secondary acquisition,” the assertion stated.

Tata Motors

Tata Motors on Wednesday stated TPG Rise Climate has subscribed to three.75 crore compulsorily convertible desire shares value Rs 3,750 crore as the primary tranche of the proposed funding of Rs 7,500 crore in its passenger electrical car enterprise.

Last 12 months in October, Tata Motors had introduced that it will increase $1 billion (Rs 7,500 crore) for its passenger electrical car enterprise from TPG Rise Climate at a valuation of as much as $9.1 billion.

Tata Motors and TPG Rise Climate, the devoted local weather investing technique of the personal funding agency TPG, had entered right into a binding settlement beneath which TPG Rise Climate together with its co-investor ADQ would put money into a newly included subsidiary of the automaker.

-with PTI enter

March 31, 2022
Vodafone Idea shares crack practically 19%

Shares of Vodafone Idea (VIL) on Tuesday tumbled practically 19 per cent after the debt-ridden agency introduced changing about Rs 16,000 crore curiosity dues legal responsibility payable to the federal government into fairness.
The inventory tanked 18.85 per cent to Rs 12.05 on each the BSE and NSE.
VIL has determined to go for changing about Rs 16,000 crore curiosity dues legal responsibility payable to the federal government into fairness which is able to quantity to round 35.8 per cent stake within the firm, as per a regulatory submitting of the telecom agency.
If the plan goes by means of, then the federal government will turn into the largest shareholder within the firm which is reeling underneath a debt burden of about Rs 1.95 lakh crore.

The authorities has given telecom operators an choice of paying curiosity for the 4 years of deferment on the deferred spectrum instalments and AGR dues by the use of conversion into fairness of the NPV of such curiosity quantity.
VIL stated that for the reason that common value of the corporate’s shares on the related date of August 14, 2021 was under par worth, the fairness shares shall be issued to the federal government at par worth of Rs 10 per share, topic to closing affirmation by the DoT.
“The conversion will therefore result in dilution to all the existing shareholders of the company, including the promoters. Following conversion, it is expected that the government will hold around 35.8 per cent of the total outstanding shares of the company, and that the promoter shareholders would hold around 28.5 per cent (Vodafone Group) and around 17.8 per cent (Aditya Birla Group), respectively,” the submitting stated.

January 11, 2022
Vodafone Idea shares crash over 24% as Kumar Mangalam Birla steps down

Shares of Vodafone Idea plunged over 24 per cent on Thursday after Kumar Mangalam Birla stepped down as non-executive director and non-executive chairman of the board with impact from Wednesday.
The inventory of the struggling telecom main tanked 24.16 per cent to Rs 4.55 apiece on the National Stock Exchange (NSE), whereas on BSE it sunk 24.54 per cent to Rs 4.55 per share. During this week to date, it has crashed 44.84 per cent since Monday’s shut.
In comparability, shares of its competitor Bharti Airtel rose 6.93 per cent on the BSE and 6.89 per cent on NSE to Rs 614.00 apiece within the morning commerce. Oil-to-telecom behemoth Reliance Industries (RIL) rose 0.91 per cent to Rs 2122.65 on BSE and 0.92 per cent to Rs 2,123.20 on NSE.

At 12:02 pm, Vi inventory was buying and selling at Rs 5.31 on the BSE, down Rs 0.72 (11.94 per cent), whereas on NSE it was at Rs 5.35, down Rs 0.65 (10.83 per cent). Over 30.10 crore shares have been traded on the BSE to date whereas over 142.17 crore shares exchanged arms on NSE, knowledge from the respective inventory exchanges confirmed.
“The Board of Directors of Vodafone Idea Limited, at its meeting held today, have accepted the request of Mr. Kumar Mangalam Birla to step down as Non-Executive Director and Non-Executive Chairman of the Board with effect from close of business hours on 4th August, 2021,” the corporate knowledgeable in a submitting to the inventory exchanges after the market hours on Wednesday.

It additional knowledgeable that the board unanimously elected Himanshu Kapania, at present a non-executive director on the board. Kapania is a nominee of the Aditya Birla group on the Vi (previously often known as Vodafone Idea) board.
Birla’s resignation comes simply days after it was reported that in June he had written to the federal government providing to “hand over” his 27 per cent stake within the firm to any public sector, authorities, or home monetary entity or to another agency that the federal government might imagine match, with a view to preserve the struggling telco going.
Vi owed practically Rs 60,000 crore to the DoT as AGR, Rs 96,270 crore in deferred spectrum obligations and one other Rs 23,000 crore to banks and monetary establishments.

August 5, 2021
Vodafone Idea shares plunge over 10% after KM Birla gives at hand over his stake to govt

Shares of Vodafone Idea on Tuesday fell over 10 per cent after studies that Aditya Birla group Chairman Kumar Mangalam Birla has supplied at hand over his stake in debt-laden VIL to the federal government entities to maintain the corporate operational.
The inventory plunged 10.30 per cent to shut at Rs 7.40 on the BSE. During the day, it tumbled 13.09 per cent to Rs 7.17 — its 52-week low.
At the NSE, it closed at Rs 7.40, decrease by 10.30 per cent.
The billionaire businessman made the supply in June in a letter to Cabinet Secretary Rajiv Gauba.
According to official information, VIL had an adjusted gross income (AGR) legal responsibility of Rs 58,254 crore out of which the corporate has paid Rs 7,854.37 crore and Rs 50,399.63 crore is excellent.
VIL together with Bharti Airtel had approached the Supreme Court for correction within the authorities calculations, however their plea was rejected.

In the letter, Birla, who holds round a 27 per cent stake in VIL, stated traders will not be prepared to put money into the corporate within the absence of readability on AGR legal responsibility, an sufficient moratorium on spectrum funds and most significantly ground pricing regime above the price of service.
Without fast lively assist from the federal government on the three points by July, the monetary scenario of VIL will come to an “irretrievable point of collapse,” Birla stated within the letter dated June 7.
“It is with a sense of duty towards the 27 crore Indians connected by VIL, I am more than willing to hand over my stake in the company to any entity- public sector/government /domestic financial entity or any other that the government may consider worthy of keeping the company as a going concern,” Birla stated within the letter.

August 3, 2021