Vodafone Idea target price: For BofA Securities, VIL is not a Buy as it is further awaiting clarity on funding position improvement post FY26 as the spectrum moratorium ends.
Through the FPO, Vodafone Idea has put concerns of its survival and competitiveness away but it s not viable yet, as per a Ambit Capital report. A significant rise in mobile tariffs will be necessary following the fundraising to help Vodafone Idea in navigating the present crisis seamlessly.
According to the bulk deal data available on the National Stock Exchange (NSE), ATC Telecom Infrastructure Pvt Ltd sold a total of 144 crore shares, representing a 2.87 per cent stake in Vodafone Idea (VIL).
The company, which has been struggling to hold on to subscribers amid very heavy competition in the sector, will focus on increasing its network and selectively introduce 5G services, Birla said.
Vodafone Idea share price today: The stock was trading 4.38 per cent lower at Rs 13.76. The capital raising committee of telecom operator on Monday approved the allotment of 16,36,36,36,363 shares of face value Rs 10 each at Rs 11 per share.