What is the problem of Vodafone idea?
What is the problem of Vodafone idea?
The crux of Vodafone Idea’s problem is its adjusted gross revenue (AGR) dues owed to the government. According to the Department of Telecommunications, Vodafone Idea owes more than ₹ 50,000 crore as outstanding AGR dues to the centre.
Is it better to buy 1 share or multiple shares?
While purchasing a single share isn’t advisable, if an investor would like to purchase one share, they should try to place a limit order for a greater chance of capital gains that offset the brokerage fees. Buying a small number of shares may limit what stocks you can invest in, leaving you open to more risk.
Will Vodafone Idea survive 2021?
Vodafone Idea will survive and be competitive in the market and will invest the cash saved through the 4-year moratorium on AGR and spectrum payments into expanding its network and participating in 5G auctions instead of repaying debt, the company’s managing director Ravinder Takkar said Wednesday.
Is Vodafone Idea going to close?
Indian telco Vodafone Idea (Vi) is reportedly close to “point of collapse” and needs help from the Government, one of its investors said this week. Last year the Supreme Court of India gave Vi and Airtel 10 years to pay, with the first installments of 10 percent due in March 2021.
Who will take over Vodafone idea?
On 31 August 2018, Vodafone India merged with Idea Cellular, to form a new entity named Vodafone Idea Limited. Vodafone currently holds a 45.1\% stake in the combined entity and Aditya Birla Group holds a 26\% stake….Vi (mobile network)
| Logo used since 7 September 2020 | |
|---|---|
| Type | Public |
| Total equity | ₹−66,963 crore (US$−8.9 billion) (2021) |
What is the offer price of Vodafone Idea shares?
The offer price of Rs 12.50 per share represents a discount of 31\% over the post-issue, weighted average price of Rs 18.09 per share, assuming that the company manages to sell all the shares it wants to under the rights issue. The company said investors will get the right to buy 2.29 shares for each share of Vodafone Idea that they currently hold.
What is the history of Vodafone Idea Ltd?
Vodafone Idea Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 18850.42 Crore) operating in Telecommunications sector.
Is Vodafone Idea a mid-cap company?
Vodafone Idea Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 17,097.56 Crore) operating in Telecommunications sector. Vodafone Idea Ltd. key Products/Revenue Segments include Telecommunication Services, Other Operating Revenue and Traded Goods for the year ending 31-Mar-2020.
Is idea’s share price falling after merger talks?
The former’s shares raced from an average of around Rs72.5 per share just before the two companies announced they were in merger talks, to as high as Rs120 within a month. Now they are having second thoughts. Idea’s shares have fallen 14\% since the two companies announced details about the deal, and now trade at Rs93 per share.