Vodafone Idea announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 7 January 2025.Powered by Capital Market - Live

Vodafone Idea will hold a meeting of the Board of Directors of the Company on 9 December 2024Powered by Capital Market - Live

The company may issue equity shares and/or convertible securities to one or more entities belonging to Vodafone Group (one of the promoters of the company). Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is among India's leading telecom service provider. The company provides pan India voice and data services across 2G, 3G and 4G platforms. The company holds large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave 5G spectrum in 16 circles. The telecom service provider's consolidated net loss narrowed to Rs 7,175.9 crore in Q2 FY25 compared with net loss of Rs 8,737.9 crore in Q2 FY24. Revenue from operations rose 2.01% YoY to Rs 10,932.2 crore in Q2 September 2024. The scrip slipped 3.92% to currently trade at Rs 8.08 on the BSE. Powered by Capital Market - Live

The domestic equity benchmarks traded with limited gains in early trade. The Nifty traded near the 24,500 mark. IT, FMCG and oil & gas shares advanced while media, pharma and realty shares declined. Trading could be volatile due to weekly F&O series expiry today. At 09:29 IST, the barometer index, the S&P BSE Sensex rose 117.09 points or 0.15% to 81,068.60. The Nifty 50 index added 32.05 points or 0.13% to 24,499.50. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.35% and the S&P BSE Small-Cap index rallied 0.37%. The market breadth was strong. On the BSE, 1,984 shares rose and 960 shares fell. A total of 129 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 1,797.60 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 900.62 crore in the Indian equity market on 4 December 2024, provisional data showed. Stocks in Spotlight: Vodafone Idea shed 0.83%. The company's board will meet on 9 December 2024 to consider raising funds upto Rs 2,000 crore. Torrent Pharmaceuticals added 0.97%. The company has entered into an agreement to acquire brands Cospiaq (empagliflozin), Cospiaq Met (empagliflozin + metformin) and Xilingio (empagliflozin + linagliptin) from Boehringer Ingelheim International GmbH (BI). The acquisition will be completed by March 2025. Bharat Forge lost 0.05%. The company has launched qualified institutional placement (QIP) to raise funds upto Rs 1,650 crore. The floor price is fixed at Rs 1,323.54 per share. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.44% to 6.797 as compared with previous close 6.794. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.7300, compared with its close of 84.7500 during the previous trading session. MCX Gold futures for 5 February 2024 settlement was shed 0.09% to Rs 77,019. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.03% to 106.28. The United States 10-year bond yield rose 0.43% to 4.200. In the commodities market, Brent crude for January 2024 settlement gained 01 cent or 0.01% to $72.32 a barrel. Global Markets: Asian stocks traded mixed on Thursday as investors grappled with ongoing political crises in France and South Korea. The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. Japanese and Australian equities advanced, while South Korean shares declined after the opposition party initiated impeachment proceedings against President Yoon Suk Yeol following his controversial declaration of martial law. In France, Prime Minister Michel Barnier's government was ousted by lawmakers just three months after its formation, plunging the country into further political uncertainty. This follows President Macron's failed attempt to secure a parliamentary majority in recent elections, leaving him without a clear path forward. Meanwhile, US stock markets closed at record highs on Wednesday, driven by strong earnings reports, particularly from Salesforce, and continued optimism surrounding tech giants like NVIDIA. The S&P 500 rose 0.6% to a record high of 6,086.49 points, while the NASDAQ Composite rose 1.3% to a peak of 19,732.87 points. The Dow Jones Industrial Average ended up 0.7% at a record high of 45,014.04 points. Federal Reserve Chair Jerome Powell's comments on the US economy also boosted investor sentiment. Powell expressed confidence in the economy's strength and indicated that the Fed may adopt a more cautious approach to future rate cuts. Market participants are now eagerly awaiting the release of the US nonfarm payrolls report on Friday, which is expected to provide insights into the labor market's health and its potential impact on interest rate policy. Powered by Capital Market - Live

Securities in F&O Ban: RBL Bank, Granules India and Manapurram Finance shares were banned from F&O trading on 5 December 2024. Stocks to Watch: Vodafone Idea's board will meet on 9 December 2024 to consider raising funds upto Rs 2,000 crore. Torrent Pharmaceuticals entered into an agreement to acquire brands Cospiaq (empagliflozin), Cospiaq Met (empagliflozin + metformin) and Xilingio (empagliflozin + linagliptin) from Boehringer Ingelheim International GmbH (BI). The acquisition will be completed by March 2025. Bharat Forge has launched qualified institutional placement (QIP) to raise funds upto Rs 1,650 crore. The floor price is fixed at Rs 1,323.54 per share. Railtel Corp has received a work order worth Rs 10.64 crore from GAIL for MPLS & Point-to-Point Leased Line Links. Mastek's global chief financial officer (CFO), Arun Agarwal has resigned. Ipca Labs has received necessary approval for voluntary closure of its wholly owned subsidiary, Ipca Pharmaceuticals SA de CV, Mexico. Lemon Tree Hotels received a letter of award from the Meghalaya government for redevelopment of Orchid Hotel.Powered by Capital Market - Live

Tata Teleservices (Maharashtra) Ltd, Triveni Turbine Ltd, Garden Reach Shipbuilders & Engineers Ltd and Marksans Pharma Ltd are among the other gainers in the BSE's 'A' group today, 26 November 2024.Vodafone Idea Ltd soared 13.18% to Rs 7.9 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1274.71 lakh shares were traded on the counter so far as against the average daily volumes of 464.04 lakh shares in the past one month. Tata Teleservices (Maharashtra) Ltd spiked 11.91% to Rs 77.31. The stock was the second biggest gainer in 'A' group. On the BSE, 32.16 lakh shares were traded on the counter so far as against the average daily volumes of 3.51 lakh shares in the past one month. Triveni Turbine Ltd surged 10.23% to Rs 842.05. The stock was the third biggest gainer in 'A' group. On the BSE, 3.41 lakh shares were traded on the counter so far as against the average daily volumes of 1.01 lakh shares in the past one month. Garden Reach Shipbuilders & Engineers Ltd jumped 7.69% to Rs 1552.5. The stock was the fourth biggest gainer in 'A' group. On the BSE, 84310 shares were traded on the counter so far as against the average daily volumes of 61793 shares in the past one month. Marksans Pharma Ltd spurt 7.57% to Rs 339.6. The stock was the fifth biggest gainer in 'A' group. On the BSE, 4.52 lakh shares were traded on the counter so far as against the average daily volumes of 1.53 lakh shares in the past one month. Powered by Capital Market - Live

This move provides significant relief to telecom operators burdened by significant BG obligations, particularly Vodafone Idea, which owes over Rs 24,700 crore in BGs. Indian telecom operators, including Airtel and Vodafone Idea, collectively hold more than Rs 30,000 crore in bank guarantee obligations. The government's decision aims to alleviate financial pressures and strengthen the telecom sector. By extending the BG waiver to older spectrum holdings, the government hopes to improve the financial health of struggling telecom operators. Vodafone Idea, which has been vocal about its financial challenges, had urged the government to eliminate the BG requirement to ease its spectrum payment burden. The company argued that such a waiver would enable it to secure additional credit from banks, providing crucial financial support. However, the company recently faced setbacks in meeting its BG obligations. It failed to pay a second BG of about Rs 350 crore due on November 1, following a missed payment of over Rs 4,600 crore in September. To address its financial woes, VIL has raised Rs 24,000 crore through equity and is seeking an additional Rs 25,000 crore in loans and Rs 10,000 crore in BGs or letters of credit. These funds are crucial for the company to continue its capital expenditure and compete with rivals Airtel and Jio. Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service provider. The company provides pan India voice and data services across 2G, 3G and 4G platforms. The company holds large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave 5G spectrum in 16 circles. The telecom service provider's consolidated net loss narrowed to Rs 7,175.9 crore in Q2 FY25 compared with net loss of Rs 8,737.9 crore in Q2 FY24. Revenue from operations rose 2.01% year on year (YoY) to Rs 10,932.2 crore in Q2 September 2024. Powered by Capital Market - Live

Revenue from operations rose 2.01% year on year (YoY) to Rs 10,932.2 crore in the quarter ended 30 September 2024. The company reported a pre-tax loss of Rs 7,168.1 crore in second quarter of FY25 as against a pre-tax loss of Rs 7,920.2 crore posted in same quarter previous fiscal. EBITDA for the quarter was at Rs 4,549.8 crore, up 6.23% from Rs 4,282.8 crore recorded in Q2 FY24. EBITDA margin improved to 41.6% in September 2024 quarter as compared to 40% registered in the same period a year ago. The telecom operator said that the subscriber base, including 4G subscriber, was impacted by the recent tariff hikes. The 4G subscriber base stood at 125.9 million at the end of Q2 FY25 compared with 126.7 million in Q2 FY24. The total subscriber base stood at 205 million during the quarter as against 219.8 million in similar quarter last year. Average revenue per user (ARPU) improved to Rs 156, up 9.86% on YoY basis as against Rs 142 in Q1 FY24. Capex spend for the quarter stood at Rs 136 crore. The debt from banks and financial institutions reduced by Rs 4,580 crore during the last one year (was at Rs 7,830 crore in Q2 FY24) and stood at Rs 3,250 crore. The cash and bank balance stood at Rs 13,620 crore as of 30 September 2024. The payment obligations to the Government stood at Rs 2,12,260 crore as of 30 September 2024 including deferred spectrum payment obligations of Rs 1,41,940 crore and AGR liability of Rs 70,320 crore. Akshaya Moondra, CEO of Vodafone Idea, said, 'Post the recent equity raise, we are in the process of expanding our 4G coverage and capacity as well as launch of 5G services. Some capex has already been ordered and under execution, basis which we expect approximately 15% increase in our data capacity and an increase in 4G population coverage by around 16 million by end September 24. Our current capex needs are being met out of equity funds. We are engaged with our lenders for tying up debt funding towards the execution of our network expansion with a planned capex of Rs 500 to 550 billion over next 3 years. The recent tariff intervention is a step in the right direction for the industry to move towards better return on investment, as also to improve cash generation to support the large investment requirements. However, further tariff rationalization is needed for the industry to fully cover its cost of capital.' Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service provider. The company provides pan India voice and data services across 2G, 3G and 4G platforms. The company holds large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave 5G spectrum in 16 circles. Powered by Capital Market - Live

Vodafone Idea will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

The board of Vodafone Idea through a circular resolution has taken note of resignation of Mr. Sateesh Kamath, existing Nominee Director of Vodafone Group (one of the Promoter shareholders of the Company) from the Board of the Company, with effect from October 30, 2024, due to other professional commitments, and the appointment of Mr. Selcuk Karacay as an Additional Director (Non-Executive and Non-Independent Director), liable to retire by rotation, on the Board of the Company with effect from October 30, 2024, subject to approval of the members at the ensuing General Meeting of the Company.Powered by Capital Market - Live