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.
Following the Supreme Court’s dismissal, Vodafone-Idea shares plummeted nearly 20% to a 52-week low of ₹10.36 from ₹12.90.
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.
Hashtags such as 'BoycottJio' and 'BSNL ki Ghar Wapsi' (Homecoming of BSNL) have been trending on social media platform X.
The list of pre-qualified bidders for the upcoming 5G spectrum auction, shared by the Department of Telecommunications includes Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Data Networks.
Brokerage firm Nomura has retained its 'reduce' call on Vodafone Idea with a target price of ₹8 per share, suggesting a potential 28% downside from Thursday’s closing price of ₹11.08.
The BSE Sensex and the NSE Nifty are poised to open lower on Thursday, following a sharp sell-off in global equities amid the worsening situation in Ukraine.
Reports on government looking to convert up to 70% stake in Vodafone Idea have been rubbished by officials.
A professional board, with a turnaround mandate, could help revive the beleaguered telco.
In the backdrop of the legal hits and misses of 2020, due to the pandemic as well as other reasons, here's a look at what 2021 has in store for private equity and mergers and acquisitions.
All eyes are now on the apex court’s decision vis-à-vis allowing staggered payments of AGR dues, as the shadow of doubt on Vodafone Idea’s existence still looms