The two companies agreed to merge their operations with a swap ratio of 1:1. This means every Idea share you hold will be exchanged with a new share in the merged company.
Voda Idea slumps 19% as board approves conversion of govt dues into equity. … Since the average price of the company’s shares at the relevant date of 14.08.2021 was below par value, the equity shares will be issued to the Government at par value of Rs 10 per share, subject to final confirmation by the DoT.
Is it good to invest in Vodafone idea now?
ITC is fundamentally a good stock, it pays better than market yield.
Vodafone Idea shares tanked as much as 19 per cent on Tuesday after the telecom company’s board approved a plan to convert the full amount of interest related to spectrum auction installments and adjusted gross revenue (AGR) dues into government equity.
Vodafone Idea shares have jumped over 50 per cent in one month. … The surge in VI’s stock price is a result of the recent developments aimed at rescuing the struggling telecom service provider. On the National Stock Exchange (BSE), shares of the telecom company were trading 13.29 per cent higher at Rs 16.20 at 11 am.
Is VI going to shut down?
The short answer is – No. The Telecom Relief package by the GOI has made a huge difference to the outlook of the company, which otherwise would have collapsed. Now you can read the long answer and the reason why it will not shut down.
What is the future of IDEA Vodafone?
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.
Stocks to Buy Today: Best Shares to Buy in India
Who is going to invest in Vodafone idea?
Vodafone Group would have 28.5 per cent and Aditya Birla Group would be owning 17.8 per cent stake in the telecom operator.
Is investing in idea good?
It has been clocking a fresh 52-week high daily. Are you convinced enough for an investment in Vodafone Idea just yet? From a trading point of view, you can take a punt on it because we have now reached the bottom as far as the pricing war is concerned. … So net-net Idea is still strategically the worst place.
Step 1: Open a Demat account and ensure that it is linked with a pre-existing bank account to carry out transactions smoothly. Step 2: Sign in to the Demat account via the mobile-based application or web platform. Step 3: Pick a stock that you want to invest in.
What went wrong with Vodafone?
After the merger in 2018, Vodafone-Idea led in terms of market share, capturing over 38% of the subscriber base. … For Vodafone Idea, it took much longer to bring VoLTE and 4G offerings to the market – and in the process, it lost a considerable share of its subscribers to Reliance-Jio.
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the holder at maturity, typically in $1,000 denominations.
Is Vodafone a idea?
On 31 August 2018, Vodafone India merged with Idea Cellular, to form a new entity named Vodafone Idea Limited. Vodafone currently holds a 28.5% stake in the combined entity and Aditya Birla Group holds a 17.80% stake.
Munafa value: 50 as on 19 Wed Jan 2022