Vodafone Idea Ltd

The courtroom blow had a ripple effect. Indus Towers shares slid up to 2.8%, underscoring wider worries about the sector's financial strain. In light of the development, stock exchanges have sought clarification from Vodafone Idea, but a response is still pending. According to the media reports, the Supreme Court called the plea shocking and misconceived, asserting that the relief sought was not legally tenable. Vodafone Idea had sought an urgent hearing last Friday, pleading for relief on dues amounting to nearly Rs 30,000 crore, largely comprising penalties and interest on penalties under the AGR framework. The telco warned that without further government support, the sector could face an existential crisis. Curiously, the Indian government holds a 49% stake in Vodafone Idea after converting earlier dues into equity. Despite the turmoil, Vodafone Idea still has a sizable retail backing. As of the March quarter, 59.28 lakh small investors, those holding up to Rs 2 lakh in shares, remain part of its investor base. Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service providers. The company provides pan India Voice and Data services across 2G and 4G technology. The company holds a large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave spectrum in 16 circles and is in the process of launching 5G in 17 circles. The company reported a consolidated net loss of Rs 6,609.3 crore in Q3 FY25 as against a net loss of Rs 6,985.9 crore in Q3 FY24. Revenue from operations rose by 4.16% year-on-year to Rs 11,117.3 crore in Q3 FY25. Powered by Capital Market - Live

The Nifty May 2025 futures closed at 24,965, a premium of 19.55 points compared with the Nifty's closing 24,945.45 in the cash market. In the cash market, the Nifty50 fell 74.35 points or 0.30% to 24,945.45. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 4.86% to 17.36. Vodafone Idea, Hindustan Aeronautics and Central Depository Services (India) (CDSL) were the top traded individual stock futures contracts in F&O segment of NSE. The May 2025 F&O contracts will expire on 29 May 2025.Powered by Capital Market - Live

Vodafone Idea has acquired 26% stake in the equity share capital of Sangli Wind Energy (SWEPL), today i.e. 16 May 2025 at a consideration of Rs. 31,20,000/-. SWEPL is special purpose vehicle for the purpose of owning and operating a Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws. Powered by Capital Market - Live

Vodafone Idea announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 3 June 2025.Powered by Capital Market - Live

Vodafone Idea announced the launch of its 5G services in Chandigarh and Patna. Starting 28 April 2025, Vi Customers using 5G devices will have access to 5G services in Chandigarh and Patna. This expansion follows Vi's successful launch in Mumbai in March, where over 70% of eligible users are experiencing Vi 5G, contributing up to 20% of total network data traffic, and is part of Vi's initial 5G rollout phase. The rollout will soon expand to Delhi and Bangalore in May. Additionally, coinciding with the ongoing T20 League, Vi also enabled 5G services in 11 major cricket stadiums across the country, allowing fans to enjoy high speeds during live matches. As part of its introductory offer, Vi users can enjoy unlimited 5G data on plans starting from Rs. 299 and experience 5G speeds for various use cases like streaming, gaming, conferencing, fast downloads, and real-time cloud access. The rollout in these circles will continue aligned with the growth in 5G handset penetration and demand for the service. For network deployment in Chandigarh and Patna, Vi has partnered with Samsung and implemented energy-efficient infrastructure and vRan technology to enhance network flexibility and performance. The Company has also deployed an AI-based Self-Organizing Network (SON) system to further optimize network performance.Powered by Capital Market - Live

Vodafone Idea announced that CARE Ratings has upgraded the ratings assigned to bank facilities of the company to CARE BBB-; Stable / CARE A3 from CARE BB+; Stable / CARE A4+. Powered by Capital Market - Live

With this, the government has become the largest shareholder in the debt-laden telecom operator. The government now holds a 48.99% stake. The allotment includes 3,695 equity shares of Rs 10 each, at par. This strategic move comes after the company's earlier announcement on 30 March 2025, in line with the telecom relief measures outlined under the September 2021 Reforms and Support Package for the sector. The company allotted the shares under Section 62(4) of the Companies Act, 2013, following directions from the Ministry of Communications. Vodafone Idea's total paid-up share capital has increased to Rs 1.08 lakh crore after the allotment. The issue comprised over 10,834 crore shares. The government has increased its stake via the Department of Investment and Public Asset Management (DIPAM). The government has previously stated that it does not intend to operate the company. With the equity conversion, the telecom operator gets much-needed financial relief. This will allow the company to focus on operations and compete more effectively in the Indian telecom sector. Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service providers. The company provides pan India Voice and Data services across 2G and 4G platforms. The company holds a large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave 5G spectrum in 16 circles. The company reported a consolidated net loss of Rs 6,609.3 crore in Q3 FY25 as against a net loss of Rs 6,985.9 crore in Q3 FY24. Revenue from operations rose by 4.16% year-on-year to Rs 11,117.3 crore in Q3 FY25. Shares of Vodafone Idea fell 1.67% to currently trade at Rs 7.06 on the BSE. Powered by Capital Market - Live

Vodafone Idea has issued and allotted 36,95,00,00,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 10/- per equity share aggregating to Rs. 3,69,50,00,00,000/- to the Department of Investment and Public Asset Management, Government of India (acting through President of India). Post the aforesaid allotment the shareholding of the Government of India in the Company stands at 48.99% in the expanded paid up capital base of the Company. Consequent to the aforesaid allotment of Equity Shares, the paid-up Equity Share Capital of the Company stands increased to Rs. 10,83,43,03,50,010/- comprising of 1,08,34,30,35,001 Equity Shares of the face value of Rs. 10/- each.Powered by Capital Market - Live

Salasar Techno Engineering Ltd, HBL Engineering Ltd, Indus Towers Ltd and Allcargo Logistics Ltd are among the other gainers in the BSE's 'A' group today, 01 April 2025.Vodafone Idea Ltd soared 19.38% to Rs 8.13 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1762.02 lakh shares were traded on the counter so far as against the average daily volumes of 676.53 lakh shares in the past one month. Salasar Techno Engineering Ltd surged 11.27% to Rs 9.18. The stock was the second biggest gainer in 'A' group. On the BSE, 24.47 lakh shares were traded on the counter so far as against the average daily volumes of 31.54 lakh shares in the past one month. HBL Engineering Ltd spiked 10.93% to Rs 523.75. The stock was the third biggest gainer in 'A' group. On the BSE, 9.71 lakh shares were traded on the counter so far as against the average daily volumes of 1.87 lakh shares in the past one month. Indus Towers Ltd gained 7.02% to Rs 357.55. The stock was the fourth biggest gainer in 'A' group. On the BSE, 4.48 lakh shares were traded on the counter so far as against the average daily volumes of 1.52 lakh shares in the past one month. Allcargo Logistics Ltd exploded 6.93% to Rs 30.57. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.29 lakh shares were traded on the counter so far as against the average daily volumes of 4.22 lakh shares in the past one month. Powered by Capital Market - Live

As part of the agreement, Vodafone Idea will issue 3,695 crore equity shares at a face value of Rs 10 per share, with pricing based on the volume-weighted average price of either the last 90 trading days or 10 days preceding the relevant date (February 26, 2025). The Rs 10 conversion price represents a 46.84% premium to VIL's previous closing price of Rs 6.81. The issuance remains subject to SEBI approval. Following this move, the government's stake in Vodafone Idea will rise from 22.6% to approximately 48.99%, though promoters will continue to retain operational control of the company. The development aligns with the September 2021 Telecom Sector Reforms and Support Package, introduced to support struggling telecom operators. Vodafone Idea received formal communication from the Ministry of Communications on March 29, 2025. Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service providers. The company provides pan India Voice and Data services across 2G and 4G platforms. The company holds a large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave 5G spectrum in 16 circles. The company reported a consolidated net loss of Rs 6,609.3 crore in Q3 FY25 as against a net loss of Rs 6,985.9 crore in Q3 FY24. Revenue from operations rose by 4.16% year-on-year to Rs 11,117.3 crore in Q3 FY25. Powered by Capital Market - Live