Page 2 - Telecom Stocks

Vi approves offer price of Rs 11 per equity share for Rs 18,000 cr FPO

Telecom operator Vodafone Idea's (VIL) board has fixed the FPO offer price at Rs 11 per equity share, according to a regulatory filing. The anchor investor offer price of Rs 11 per equity share has also been greenlit by the board. "... Following resolutions were also passed... determined and approved the offer price of Rs 11 per equity share... approved the anchor investor offer price of Rs 11 per equity share," VIL informed. Debt-laden telecom operator Vodafone Idea Ltd has raised Rs 18,000 crore pulling off India's largest-ever follow-on public offering (FPO) as the issue got subscribed nearly seven times after institutional investors poured in money, stock exchange data showed on Monday evening. The fundraise will arm VIL with an ammo to improve its competitive positioning in the Indian telecom market, where it trails Reliance Jio and Bharti Airtel, by a wide margin. "Further to our letter dated 17 April 2024, intimating you about the meeting of the board of directors of the ..

Bharti Airtel stock at new high, up 5%; surpasses ICICI Bank in market cap

Bharti Airtel today stood at fourth position in terms of stock market capitalisation, with a combined, including its partly-paid up share capital, touching Rs 7.62 trillion levels.

Voda Idea stock jumps 4% as GQG leads strong anchor book demand for FPO

Vodafone Idea FPO raised Rs 5,400 crore from anchor investors, which includes Rs 1,347 crore investments from the US-based GQG Partners.

Vodafone Idea FPO: Here's a step-by-step guide on how to subscribe

Retail investors will need a minimum of Rs 14,278 to bid for one lot of Voda Idea FPO; maximum bid can be for up to 18,172 equity shares at the higher-end of the FPO price band.

Stock of this recently listed IPO has zoomed 72% over issue price in 4 days

The strong demand for Bharti Hexacom stock is seen following a robust response to the company's Rs 4,275-crore IPO, which was subscribed nearly 30 times.

Vodafone Idea FPO opens: Price band, how to apply & all you need to know

Vodafone Idea FPO: A total of 74 schemes received allotments in the anchor category, with US-based GQG Partners subscribing to Rs 1,347 crore worth of shares

Vodafone Idea stock may more-than-half amid subscriber churn: CLSA

Shares of Vodafone Idea could drop as much as 61 per cent to Rs 5, warns analysts at CLSA

Growing interest: FMCG, telcos on foreign portfolio investors hot list

Analysts said large part of the flows into the FMCG sector were due to the block deal in ITC, where the British American Tobacco (BAT) sold a 3.5 per cent stake for around Rs 17,000 crore

Bharti Airtel hits all-time high in weak market; zooms 63% thus far in FY24

In the past one month, Bharti Airtel has outperformed the market by surging 9 per cent, as against less than 1 per cent rise in the BSE benchmark index.

Vodafone Idea soars 9% on fund raising plan; Indus Towers up 5%

The company's board is scheduled to meet on February 27 to consider fundraising via equity or debt instruments.

Vodafone Idea hits over 4-year high; zooms 39% in 2 days on heavy volumes

The stock zoomed 15% to Rs 18.42 on the BSE in Monday's intra-day trade and surpassed its previous high of Rs 18.30 touched on April 1, 2019.

HFCL hits 52-week high, zooms over 10% on heavy volumes

The stock has rallied over 21 per cent in the last two trading sessions after unveiling new products for the defence market.

TMS Ep541: Maruti expansion, India Inc restructuring, market, Nobel disease

What is Maruti's expansion plan all about? Why is India Inc riding a merger-demerger wave? Which 5G stock is a better bet - Jio or Airtel? What is 'Nobel disease'? All answers here

Vodafone Idea hits 10-month high on heavy volumes; gains 24% in six days

Last week, Care Ratings reaffirmed its rating and revised the outlook assigned to the long term bank facilities and non-convertible debentures of Vodafone Idea from 'Positive' to 'Stable'.

How do brokerages view Reliance Jio's new feature phone offering?

Brokerages estimate that the launch of 'JioBharat' phones could disrupt the 2G market, and delay the tariff hike discussions in the near-term

Bharti Airtel trades firm, up 1% post March quarter results

Strong 4G and postpaid subscriber additions along with healthy FCF generation were the key highlights in Q4.

Bharti Airtel Q4 revenue may rise up to 6.4% QoQ, ARPU growth to aid margin

At the bourses, shares of Bharti Airtel have declined 1.86 per cent so far this calendar year (CY23), as against 2 per cent rise in the S&P BSE Sensex

Voda Idea soars 10% as Kumar Mangalam Birla rejoins board after two years

Birla's re-appointment on the board signals the group's commitment to the company as it continues its efforts to find an investor.

Fixed broadband may trigger next leg of growth for RJio, Airtel: Analysts

Near-term overhang of 5G related capex and subscriber churn should be watched by investors, they said

TMS Ep415: Blinkit's troubles, erratic weather, telecom stocks, Bombay Club

Do Blinkit's troubles raise doubts about its biz model? What do heat waves tell us about India's erratic weather? Should investors dial telecom stocks? What was the Bombay Club? All answers here