Vodafone Idea share will be in focus on Tuesday after the company’s board approved the issuance of up to 175.53 crore equity shares worth Rs 1,980 crore on a preferential basis. The shares will be issued at a price of Rs 11.25 per share, which is a premium of 39% to Monday's closing price and modestly higher than the FPO price of Rs 11 per share. The shares aggregating up to Rs 1,280 crore will be issued to Omega Telecom Holdings Private Limited while worth Rs 700 crore to Usha Martin Telematics Limited. Both are Vodafone Group entities and promoters of the company. Omega Telecom Holdings held 0.40% stake in Vodafone as on September 30, 2024 while Usha Martin's stake stood at 0.13%. Stock Trading Derivative Analytics Made Easy By - Vivek Bajaj, Co Founder- Stockedge and Elearnmarkets View Program Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Options Scalping Made Easy By - Sivakumar Jayachandran, Ace Scalper View Program Stock Trading Stock Investing Made Easy: Beginner's Stock Market Investment Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Kunal Patel, Options Trader, Instructor View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading RSI Trading Techniques: Mastering the RSI Indicator By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Stock Valuation Made Easy By - Rounak Gouti, Investment commentary writer, Experience in equity research View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Advanced Strategies in Stock Market Mastery By - CA Raj K Agrawal, Chartered Accountant View Program Stock Trading Complete Guide to Stock Market Trading: From Basics to Advanced By - Harneet Singh Kharbanda, Full Time Trader View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program The stock was recently in news after UK-based telecom operator Vodafone PLC announced its intention to sell a 3% stake in Indus Towers to settle a $101 million (approximately Rs 856 crore) debt and use the remaining proceeds to support its Indian venture, Vodafone Idea. It sold its entire remaining through a series of block deals with prominent global investment banks, alternative asset managers, large overseas fund houses, hedge funds, local mutual funds, and pension funds, raising around Rs 2,801.7 crore. This move completes Vodafone’s exit from the Indian tower company, which is now a subsidiary of Bharti Airtel . Vodafone Idea narrowed its losses to Rs 7,176 crore in the September quarter of FY25, compared with Rs 8,738 crore in the same quarter of last year. Revenue from operations in the reporting period rose marginally by 2% year-on-year (YoY) to Rs 10,932 crore. On a sequential basis, loss has widened from Rs 6432 crore posted in the preceding June quarter. Meanwhile, revenues improved 4% quarter-on-quarter, aided by the recent tariff hikes undertaken by all private operators. EBITDA for the quarter increased to Rs 4550 crore in the reporting quarter. This compares with Rs 4283 crore in the last year quarter. Cash EBITDA excluding Ind AS 116 impact improved to Rs 2320 crore, highest since the merger, growing by 10% QoQ. Also Read: Torrent Power raises Rs 3,500 crore in maiden QIP On Monday, Vodafone Idea shares closed at Rs 8.1, down 0.25% on the BSE, while the benchmark Sensex declined 0.25%. The stock has dropped 49% in the past six months and over 52% year-to-date, with the company’s market capitalization now at Rs 56,456 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel )One of the most high-profile signings is the acquisition of a talented winger from Real Betis, who is known for his blistering pace, dribbling ability, and eye for goal. His arrival is expected to add a dynamic attacking threat to Beijing Guoan's frontline, giving Setien more options in the final third.
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The trader, whose identity remains a mystery, made the bold decision to go long on Chinese ETFs at a time when the market sentiment towards these stocks was quite negative. In a daring display of confidence, the trader leveraged their position to amplify potential gains, a move that could have backfired spectacularly if the market had turned against them.Emphasizing the concept of harmonious living, Harmony Springs offers a balanced blend of modern architecture and natural surroundings. The project's emphasis on community engagement, wellness programs, and cultural activities has resonated with buyers seeking a holistic lifestyle, resulting in strong sales performance.
In an exciting announcement, it has been confirmed that Quique Setien has officially taken over as the head coach of Beijing Guoan. The former Barcelona manager brings a wealth of experience and tactical acumen to the team, and fans are eagerly anticipating what he will bring to the table in the upcoming season.
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2024 Breakthrough in Quantum Computing: New Algorithms Unlock Unprecedented Processing PowerOne of the biggest shocks came with the absence of Lionel Messi from the best team lineup. The Argentine star, widely regarded as one of the greatest players of all time, failed to make the cut this year, sparking debate and discussion among fans and pundits. Messi's exclusion raised eyebrows and led to speculation about the criteria used in the selection process.
As the Lunar New Year approaches, gamers around the world are eagerly anticipating the special events and celebrations taking place in their favorite games. One such game, Black Myth: Wukong, has recently released a stunning new Lunar New Year costume set for the female warrior character, complete with a special surprise that has captured the hearts of players everywhere.
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