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Vodafone Idea slips on dropping faster data speed claims for RedX plan

18 Sep 2020 Evaluate

Vodafone Idea is currently trading at Rs. 11.23, down by 0.04 points or 0.35% from its previous closing of Rs. 11.27 on the BSE.

The scrip opened at Rs. 11.13 and has touched a high and low of Rs. 11.65 and Rs. 11.06 respectively. So far 45891177 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. 2.61 on 15-Nov-2019.

Last one week high and low of the scrip stood at Rs. 12.20 and Rs. 11.04 respectively. The current market cap of the company is Rs. 32499.73 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 (VIL) has dropped faster data speed claims, which formed a prominent part of its pay-more-for-priority-treatment offering, and has filed a revised plan with Telecom Regulatory Authority of India (Trai). The company has now submitted a new RedX plan with Trai and claims of faster data speeds--a major bone of contention--has been done away with. The company's website is also no longer touting claims of faster speeds for RedX plan, which had been under Trai's scanner over the past few weeks.

The move assumes significance as the Trai late last month slapped a show cause notice on VIL over its priority mobile plan, saying the tariff offer lacked transparency, was misleading and not in compliance with regulatory framework.

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.

Vodafone Idea Share Price

9.58 0.03 (0.31%)
23-Apr-2026 16:59 View Price Chart
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