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AB Group reaffirms bet on Voda Idea with ₹4,730 Cr infusion
Vodafone Idea shareholders approved a ₹4,730-crore investment from the Aditya Birla Group via preferential allotment of warrants, increasing AB Group's stake to around 13%. Chairman Kumar Mangalam Birla stated the company's focus now shifts to execution across operations, customer service, and network expansion. This capital infusion will support capital expenditure and loan repayment, reinforcing Vi's financial health.
Bharti, Vodafone Idea tower additions will take Indus Towers shares higher by 32%, CLSA says
With the company's high free cash flow, its dividend payouts should continue and its yields also have an upside, according to CLSA, who went on to add that at 6 times its Enterprise Value to EBITDA, the valuations of Indus Towers are cheap.
Gainers & Losers: LIC, Max Healthcare among 7 big movers on Monday
Domestic equity markets extended gains for a third straight session. LIC, Vodafone Idea, Eicher Motors and Titagarh Rail Systems surged, while JSW Cement and Max Healthcare declined.
Aditya Birla Group stocks: Grasim hits new peak; Voda Idea up 46% in 1-mth
Grasim is the flagship company of Aditya Birla Group, which is led by Kumar Mangalam Birla; while, the group holds substantial stake in Vodafone Idea.
Aditya Birla Group to invest $500 million in Vodafone Idea as revival signal strengthens
Aditya Birla Group is injecting ₹4,730 crore into Vodafone Idea (Vi) through a preferential allotment, bolstering the telecom operator's financial standing. This capital infusion follows Kumar Mangalam Birla's return as chairman and aims to support Vi's efforts to compete with rivals Reliance Jio and Bharti Airtel.
Vodafone Idea and 4 other midcap stocks hit 52-week highs, rally up to 40% in a month
Benchmark indices ended marginally higher as five BSE 150 Midcap stocks touched fresh 52-week highs, reflecting strong investor sentiment and bullish momentum. Vodafone Idea, SAIL, MCX, Laurus Labs and Ajanta Pharma recorded notable monthly gains, signalling sustained buying interest despite subdued broader market performance overall.
Vodafone Idea climbs on reports of fresh promoter-led capital infusion
Vodafone Idea jumped 7.23% to Rs 12.75 amid reports that the telecom operator may receive fresh promoter-led capital infusion led by chairman Kumar Mangalam Birla.
Vodafone Idea shares gain 7% as board to consider preferential fundraise on May 16
Vodafone Idea is expected to receive a fresh round of promoter-led capital infusion, with non-executive chairman Kumar Mangalam Birla expected to spearhead the funding exercise.
Vodafone Idea shares surge 30% in a month. Should you buy or wait for consolidation?
Vodafone Idea shares have surged 30% in a month, driven by a reduction in AGR dues and the return of Kumar Mangalam Birla as chairman. Recent reports of Vodafone Plc considering share transfer also boosted the stock. Analysts suggest waiting for consolidation due to the sharp rally, with high-risk investors eyeing a turnaround play.
Stocks to Watch for May 13: Dixon, Neuland, Torrent Power, Tata Power, Bharti Airtel and more
Tata Power, Torrent Power and Dr. Reddy's report weaker Q4, Berger Paints, Neuland Laboratories, MTAR Technologies and Kalpataru Projects post strong gains, Vodafone Idea plans fundraise. Here are few stocks to keep an eye on ahead of Wednesday's trading session.
Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex tumbles over 700 pts, Nifty below 24,000; con... - The Economic Times
Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex tumbles over 700 pts, Nifty below 24,000; con...The Economic TimesWhy is market falling today? Sensex crashes 1,100 points, Nifty below 23,900. 6 key factorsThe Economic TimesStock market crashes today: Sensex falls 700 points, Nifty50 trades below 24,000 oil prices jump amid Middle East tensionsThe Times of IndiaSensex Today | Stock Market Live: Sensex pares losses but down 750 points, Nifty near 24,000; PSU bank stocks dragMoneycontrol.comSensex today | Stock Market Live: Sensex down 830 pts, Nifty falls 220 pts to 23,954.95; Tata Consumer, Max Healthcare top gainersBusinessLineStock Market Crash News Today Live Updates: Nifty Falls Below 23,900, Sensex Slides 1,000 Points; Vodafone Idea Shares Surge 8%NDTV ProfitSensex crashes 1,000 points: Why is the stock market falling today?India TodayNifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 11 MayMSNSensex crashes almost 1,200 points; investors lose ₹5 lakh crore: Key factors behind stock market crash explainedMint
Vodafone Idea Shares Soar 5% After Kumar Mangalam Birla's Appointment, Extends AGR Relief Rally
Vodafone Idea shares advanced as much as 5.37% intradayto Rs 11.38 apiece on Wednesday.