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Vodafone Idea’s Rs 18,000 crore FPO was subscribed over 6 times on final day of bidding. Vodafone Idea received bids for nearly 80 billion shares against 12.6 billion shares on the offer.
Vodafone Idea shows stability with minimal price fluctuations
In the first quarter, operating revenue increased slightly by 2% to Rs 10,655 crore from Rs 10,410 crore in the corresponding quarter last year.
Vodafone Idea has announced a basic rate rise. The corporation, according to the source, has lowered the validity term of its 99 plan.
Vodafone PLC reveals that its Indian subsidiary, Vodafone Idea Limited (VIL), requires additional funding and liquidity support from lenders, raising concerns about its ability to meet liabilities. VIL's financial woes prompt the company to lay off approximately 11,000 employees while recording zero value for the Group's investment in VIL.
Stocks to watch: Vodafone Idea, Biocon, ONGC, Eicher Motors, Siemens, Bharat Forge, and other companies' shares will be in the spotlight in Wednesday's trading.
The SGX Nifty suggests a favourable start for the BSE Sensex and NSE Nifty 50. Stocks to watch on Wednesday include Bharti Airtel, Adani Power, Adani Wilmar, and Shree Cement.
The government instructed Vodafone Idea Ltd on Friday to issue equity shares in exchange for interest on delayed AGR and spectrum dues totaling 16,133 crore.
Paytm's consolidated net loss was reduced to Rs 392 crore in the third quarter of fiscal year 22. The firm recorded a net loss of Rs 778.4 crore the previous year.
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