Friday, November 20, 2020

Vodafone Idea zooms after selling 11.15% stake in Indus

Vodafone Idea is currently trading at Rs. 9.66, up by 0.39 points or 4.21% from its previous closing of Rs. 9.27 on the BSE.

The scrip opened at Rs. 9.60 and has touched a high and low of Rs. 9.70 and Rs. 9.50 respectively. So far 35704938 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.45 on 04-Sep-2020 and a 52 week low of Rs. 2.83 on 18-Feb-2020.


Last one week high and low of the scrip stood at Rs. 10.02 and Rs. 8.79 respectively. The current market cap of the company is Rs. 27787.12 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 7.11% and 20.84% respectively.

Vodafone Idea has sold its 11.15% stake in Indus for a cash consideration of Rs 37.6 billion in accordance with the terms of the agreement and out of the consideration received from Infratel, the Company has made a prepayment of Rs 24 billion which will be adjusted in line with terms of the agreement.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.

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