Vodafone Idea share price: The stock on Friday jumped 9.63 per cent to hit a 52-week high price of Rs 11.95. At this price, the counter has rallied 109.65 per cent from its one-year low price of Rs 5.70, a level seen on March 31, 2023. It saw 1,81,91,671 sell orders today against buy orders of 41,84,579 shares.
During the week, over 100 smallcap stocks delivered double-digit weekly returns with 15 of them offering over 25% gains. RailTel was the top gainer in the smallcap pack with 46% return, followed by India Pesticides (41.9%), Optiemus Infracom (36.3%) and HLV (33.7%).
Last month, Boston-based ATC had informed the US Securities and Exchange Commission (SEC) that Vis OCDs would mature in two tranches of Rs 800 crore each on August 27, 2023 and August 27, 2024. That has now changed.
"Vodafone Idea has signed a binding term sheet with Route Mobile (UK) Ltd, a wholly owned subsidiary of Route Mobile, for Vi s international A2P SMS traffic," the company said in an exchange filing Friday.
The government is already Vis largest shareholder with a 33.1% stake after it converted the telcos accrued interest towards adjusted gross revenue (AGR) arrears into equity in February 2023. The telcos co-founder UKs Vodafone Plc and Indias Aditya Birla Group (ABG) jointly own 50.4% in Vi. Of this, Vodafone UK has a stake of 32.3%, while the Indian group has 18.1%.