Why suddenly there was a stormy boom in the company’s shares
Vodafone Idea Share Price: While the Indian stock market started the new FY 2025-26 on the one hand, on the other hand, Vodafone Idea started the new financial year with direct upper circuit. As soon as the market opened on April 1, April 1, the stocks of the telecom company got an upper circuit. So, today retail investors did not even get a chance to buy in the shares of Vodafone Idea and the company’s shares stopped the business.
The company’s share price is still far below 52 weeks low
Vodafone Idea shares, which closed at a price of Rs 6.81 on Friday last week, opened a 10 percent jump at Rs 7.49 today. The price of the company’s shares is still far below 52 weeks high. According to BSE data, the company’s shares have a 52 week high of Rs 19.15 and its 52 week is Rs 6.60. The company’s current market cap is Rs 53,473.38 crore.
Why suddenly there was a stormy boom in the company’s shares
In fact, due to a news on Sunday, the shares of Vodafone Idea saw a stormy boom today. The company had said on Sunday that the government has agreed to increase the stake in Vodafone Idea to 48.99 percent with a new acquisition of shares worth Rs 36,950 crore in lieu of the outstanding amount of spectrum auction.
Government’s share will increase to 48.99 percent in Vodafone Idea
The government’s current stake in debt -ridden Vodafone Idea is 22.6 percent. With this stake, the government is the largest shareholder in this telecom company. Vodafone Idea has said that it has been directed to release 3695 crore equity shares with a face value of Rs 10 within 30 days after the issuance of necessary orders from SEBI and other authority. After this deal, the government’s stake in Vodafone Idea will increase from 22.6 percent to 48.99 percent.
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