During Friday morning trading, the price of Vodafone Idea’s shares fell by almost 2%. Despite the company’s statement authorizing the preferential allocation of 169,32,18,361 equity shares to the promoter, totaling ₹1910 crore, the share price continued to drop.
Stock Market Today:
During Friday morning trading, the price of Vodafone Idea’s shares fell by almost 2%. Even though the business announced that it had approved the preferential allocation of 169,32,18,361 equity shares to the promoter, totaling ₹1910 crore, the price is still declining.
The price of Vodafone Idea’s shares began Friday at ₹7.93 on the BSE, unchanged from the previous day’s closing. After that, the cost of the Vodafone Idea share dropped even more to ₹7.68, or a decrease of about 2.7%. Even after its Board approved the issuance of preferential shares to promoters to generate money, the price of Vodafone India’s shares continued to fall.
The price of Vodafone Idea shares has dropped by over 3% in 2025 and about 54% in the previous six months.
On Thursday, after market hours, Vodafone Idea Limited notified the exchanges about the preferential allocation of 1693218361 equity shares to the company’s promoters, totaling Rs. 1909.95 crores.
According to Vodafone Idea’s release on the stock exchanges, the Capital Raising Committee of the Board has allocated 1,69,32,18,361 Equity Shares with a face value of Rs. 10/-each to promoters by the approval granted by the Board of Directors of the Company at its meeting on December 9, 2024, and the special resolution passed by the Company’s members on January 7, 2025.
The issue price of the shares, which includes a premium of Rs. 1.28 per equity share, is Rs. 11.28 per equity share. To the company’s proprietors, Usha Martin Telematics Limited (60,86,23,754 Equity Shares) and Omega Telecom Holdings Private Limited (1,08,45,94,607 Equity Shares), on a preferential basis, totaling Rs. 1909.95 crores.
Following the allocation of these shares, the firm’s paid-up equity share capital climbed to ₹7,13,93,03,50,010, which is made up of 71,39,30,35,001 equity shares with a face value of Rs. 10 apiece, according to a corporate announcement.
