SC rejects telcos' pleas on AGR dues; Vi shares plunge 20%
Following the Supreme Court’s dismissal, Vodafone-Idea shares plummeted nearly 20% to a 52-week low of ₹10.36 from ₹12.90.
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Vodafone Idea shares gain 2% as Kumar Mangalam Birla buys additional stake
Kumar Mangalam Birla, the chairman of the Aditya Birla Group, picked up an additional 1.86 crore shares in Vi on September 6.
'83% downside': Goldman Sachs turns bearish on Vi amid unclear market share recovery
Vi’s recent capital raise, while incrementally positive, is unlikely to be adequate to stop the company’s market share erosion, says Goldman Sachs.
RVNL, Oil India, Vi among 7 stocks to be added to MSCI EM Index; to attract $3 bn inflows
India’s weightage in the MSCI EM Index has surged from around 8% in 2020 to record 20% today, and is expected to touch 22% by year-end, says Nuvama.
Vi narrows losses by 18% amid modest subscriber growth
This was driven by a modest 3% year-on-year growth in its 4G subscriber base, which increased to 12.67 crore last quarter from 12.29 crore in Q1 FY24.
Vi gets shareholders' nod for ₹2,458 cr preferential issue to Nokia, Ericsson
Vodafone Idea informed about the shareholders’ nod to issue preferential shares to Nokia & Ericsson worth ₹2,458 cr & conversion of ₹160 cr worth optionally converted debentures issued to ATC Telecom.
Spectrum auction concludes with ₹11,340 cr bids; here’s how telecom stocks react
Bharti Airtel emerged as the biggest bidder by securing 69% of the total MHz on offer, followed by VIL at 21%, and RJio at 10%.
Spectrum auction: Reliance Jio acquires 1800 MHz for ₹974 cr
Jio has acquired the right to use spectrum in the 1800 MHz band in Bihar and West Bengal for ₹973.63 crore.
Vi board approves raising ₹2,458 cr via share sale to Nokia, Ericsson
Vi says preferential allotment of 166 cr shares will be done for around ₹2,458 crore to two of its key vendors – Nokia Solutions and Networks India, and Ericsson India
Vodafone Idea FPO shares list at 9% premium over issue price
Over 1,636 crore new equity shares of Vodafone Idea allotted to investors under the FPO were listed on the exchanges today.
