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Vodafone Idea zooms on planning for fund-raising

02 Sep 2020 Evaluate

Vodafone Idea is currently trading at Rs. 9.68, up by 0.79 points or 8.89% from its previous closing of Rs. 8.89 on the BSE.

The scrip opened at Rs. 9.25 and has touched a high and low of Rs. 10.10 and Rs. 9.25 respectively. So far 14022558 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 12.62 on 08-Jun-2020 and a 52 week low of Rs. 2.61 on 15-Nov-2019.

Last one week high and low of the scrip stood at Rs 11.07 and Rs. 7.69 respectively. The current market cap of the company is Rs. 25603.23 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 10.82% and 17.13% respectively.

Vodafone Idea is planning for fund-raising. Its board of directors will meet on September 4 to consider proposals for fund-raising. The company plans to raise capital in one or more tranches by way of a public issue, preferential allotment, private placement, including a qualified institutions placement.

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.

Peers
Company Name CMP
Bharti Airtel 1837.00
Vodafone Idea 14.29
Indus Towers 375.55
Tata Communications 1815.00
Railtel Corp. India 252.55
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