Vodafone Idea Stocks & Share Price Today LIVE: Vodafone shares locked in upper circuit

Vodafone share price live today: Concerns around Vodafone Idea’s long-term survivability remain, say experts

The Central government’s decision to convert part of Vodafone Idea’s spectrum dues to equity may give the cash-strapped operator some respite in the short term but concerns around its long term survivability still remain, experts said.

Describing the 49 per cent government stake increase as “the need of the hour,” Subhendu Pattnaik, Chief Marketing Officer, Covasant, told businessline, “Right now, there’s just Bharti Airtel and Reliance Jio, nobody else. Vi is important to prevent a duopoly in the market. So the decision to try and keep the company afloat is a welcome choice.”

Report by Vallari Sanzgiri of businessline | Read more

Vodafone share price live:  Why govt acquired Vodafone Idea shares at a premium ?

According to Shriram Subramanian, Founder and Managing Director of InGovern Research Services, “The market price of ₹6 would have led to government shares increasing to 55-60 per cent stakes from 22.60 per cent. The government already has BSNL [Bharat Sanchar Nigam Ltd] and Vi is still making operating profits. They’re trying to keep the company afloat without making it a PSU and keep competition alive.” This sentiment was also reinforced by JM Financial in its report, stating that the government has always maintained zero interest in taking over majority stake in the company.

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Vodafone Stock live today: Centre’s approach to Vodafone revival is unclear

The Centre’s decision to increase its stake in Vodafone Idea from 22.60 per cent to 48.99 per cent by converting debt worth ₹36,950 crore into equity raises serious questions about the government’s long-term vision for the cash-strapped telecom operator. While this move may provide temporary relief, it does not ensure Vodafone Idea’s survival, let alone enable it to compete effectively with Reliance Jio and Airtel. The government must provide a detailed roadmap on how it plans to revive the company beyond merely keeping it afloat for a few more months.

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Vodafone shares today live: Govt agrees to raise stake in Voda Idea to 49% with fresh share acquisition worth ₹37,000 cr

The government has agreed to raise stake in Vodafone Idea to 48.99 per cent with fresh acquisition of shares worth ₹36,950 crore in lieu of outstanding spectrum auction dues, the company said in a regulatory filing on Sunday. Read more

Vodafone Idea shares today live: Govt to increase stake in Vodafone Idea with ₹36,950-Crore debt-to-equity swap

The Centre has decided to increase its stake in Vodafone Idea from 22.60 per cent to 48.99 per cent by converting debt worth ₹36,950 crore into equity. This move will dilute the stakes of the Aditya Birla Group and Vodafone Plc, though they will continue to retain operational control of the company.

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