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Vodafone Idea moves up on getting shareholders' nod to raise share capital to Rs 50,000 crore

29 Aug 2019

Vodafone Idea is currently trading at Rs. 5.04, up by 0.03 points or 0.60% from its previous closing of Rs. 5.01 on the BSE.

The scrip opened at Rs. 4.98 and has touched a high and low of Rs. 5.26 and Rs. 4.93 respectively. So far 5598193 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 32.01 on 31-Aug-2018 and a 52 week low of Rs. 4.83 on 13-Aug-2019.

Last one week high and low of the scrip stood at Rs. 6.04 and Rs. 4.95 respectively. The current market cap of the company is Rs. 14425.17 crore.

The promoters holding in the company stood at 71.57% while Institutions and Non-Institutions held 22.82% and 5.61% respectively.

Vodafone Idea has received shareholders' approval to raise its authorized share capital from existing Rs 30,293 crore to Rs 50,000 crore. The increased authorised share capital provides headroom for the company to infuse additional funds. The proposal to increase the share capital follows Rs 25,000 crore rights issue which led to the issue of additional shares by the company.

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.

Related Vodafone Idea Ltd. Links:

Vodafone Idea Share Price

5.94 -0.09 (-1.49%) Aug 05, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323