Vodafone Idea is currently trading at Rs. 7.82, up by 0.11 points or 1.43% from its previous closing of Rs. 7.71 on the BSE.
The scrip opened at Rs. 7.80 and has touched a high and low of Rs. 7.90 and Rs. 7.78 respectively. So far 16603932 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.08 on 13-Sep-2022 and a 52 week low of Rs. 5.70 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 8.00 and Rs. 7.52 respectively. The current market cap of the company is Rs. 38116.20 crore.
The promoters holding in the company stood at 50.36%, while Institutions and Non-Institutions held 36.20% and 13.44% respectively.
Vodafone Idea is reportedly planning to clear about Rs 2,400 crore of dues to the government by September 2023. The company recently cleared pending dues of licence fees and spectrum usage charges of about Rs 450 crore for the March quarter of 2022-23.
Vodafone Idea had to pay a licence fee of around Rs 770 crore by July and Rs 1,680 crore as the first instalment for the spectrum it purchased in auctions that were held last year. While the company has sought 30 days to clear the spectrum payment, the company is also gearing up to clear the licence fee payment by September.
Due on late payment of spectrum instalment will attract 15 per cent interest rate on annual basis. The company will have to pay around Rs 1,700 crore for spectrum instalment and around Rs 710 crore for licence fee dues with interest. The total amount pending to be cleared by September is over Rs 2,400 crore.
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.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1578.25 |
| Vodafone Idea | 7.40 |
| Indus Towers | 337.20 |
| Tata Communications | 1712.75 |
| Bharti Hexacom Ltd. | 1499.05 |
| View more.. | |
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