Other

Who is investing in Vodafone idea?

by Author

Who is investing in Vodafone idea?

Aditya Birla Group
Vodafone, Aditya Birla Group may invest $400 million into Vodafone Idea. This comes after Vodafone Idea’s board approved a plan to raise Rs 25,000 crore from external investors in September 2021.

Will Vodafone idea survive in India?

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.

Why are ideas falling today?

Vodafone Idea will come to an “irretrievable point of collapse” without immediate active support from the government as the telecom firm has huge debts and its operations have taken a hit due to the pandemic, said Kumar Mangalam Birla in the letter.

READ:   What can we learn from Eastern Philosophy?

How can I invest in Vodafone?

How to buy Vodafone Stocks & Shares to Invest in VOD Steps of buying Vodafone shares

  1. Step 1: find a good online broker.
  2. Step 2: open your brokerage account.
  3. Step 3: deposit money to your account.
  4. Step 4: buy the Vodafone share.
  5. Step 5: review your Vodafone position regularly.

What is the future of Vodafone idea?

Vodafone Idea plans to invest Rs 27,000 crore in FY20 The debt-ridden company has advanced its target date to complete integration of Vodafone and Idea Cellular business to financial year 2021 from fiscal 2023.

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.

READ:   Why the luggage compartment of a tour bus is located at the bottom and not on the roof?

Is Vodafone buying 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.

Should I buy Vodafone Idea stock?

Analysts, however, are not very impressed and advise against buying the counter. As per Refinitiv database, the consensus of 18 analysts on the stock is ‘sell’. The stock has a median price target of Rs 5 in 12 months. They provided a high estimate of Rs 12.3 and a low estimate of Rs 2.9 for Vodafone Idea.

Why is Vodafone Idea stock going down?

Will Google buy 5\% stake in Vodafone Idea?

The investment in Vodafone Idea will pit the search giant against Facebook which has picked up a stake in Jio Platforms, the firm that houses India’s youngest but biggest telecom company – Reliance Jio. Alphabet Inc’s Google is looking to buy about 5\% stake in Vodafone Idea Ltd, the Financial Times reported on Thursday.

READ:   Which is the best mobile under 8500?

Is Google looking to buy Vodafone Idea’s rival Reliance Jio Infocomm?

Google’s parent company Alphabet Inc is also looking to buy some stake in Vodafone Idea’s rival Reliance Jio Infocomm, the newspaper reported, without providing details.

Will Vodafone commit more equity in India?

Following a Supreme Court judgment on October 24 last year, Vodafone Group’s chief executive officer Nick Read had said that the company, which holds 49 per cent stake in Vodafone Idea, would not commit any more equity in India as the “country effectively contributed zero value to the company’s share price”.

Is Google hedging its bets with Vodafone Idea?

However, with an investment in Vodafone Idea, Google could well be hedging its bets. Yes Bank has dealt with legacy governance, compliance i …. Tata Steel to invest ₹8,000 cr in capex on India opera ….