The shares of Telecomm-Service company, specializing in providing mobile telecommunications services, including voice, data, and digital solutions, are in focus upon a Bulk Deal Involving approximately Rs. 457.96 Crores.
Price action
With a market capitalization of Rs. 81,257.28 crores on Monday, the shares of Vodafone Idea Limited jumped upto 1.47 percent, making a high of Rs. 7.58 per share compared to its previous closing price of Rs. 7.47 per share.
What Happened
Vodafone Idea Limited, engaged in providing mobile telecommunications services, including voice, data, and digital solutions, recently experienced a bulk deal in which Goldman Sachs (SINGAPORE) PTE – ODI bought 59.86 crore equity shares, representing 0.55 percent of the company, at Rs. 7.65 per share of total valuing Rs. 457.96 Crores on April 25, 2025.
While Nokia Solutions and Networks India Pvt Ltd sold 102.7 Crores shares at Rs. 7.65 apiece on April 25, 2025, resulting in a total value of around 785.67 Crores.
About the company
Vodafone Idea Limited, a leading telecommunications company in India, specializes in providing a wide range of mobile and internet services. Formed through the merger of two telecom giants, Vodafone India and Idea Cellular, the company offers voice, data, and value-added services across the country.
Market Structure
As of December 2024, the Indian telecom market comprises three private operators and one government operator. The market share distribution is as follows: BSNL + MTNL hold 8.1 percent, Vodafone Idea 18.0 percent, Bharti Airtel 33.5 percent, and Reliance Jio leads with 40.4 percent.
Shareholding pattern
The shareholding pattern of Vodafone Idea is as follows: the promoters hold 25.57 percent, Foreign Institutional Investors (FIIs) own 6.56 percent, while Domestic Institutional Investors (DIIs) hold 3.43 percent. The public holds the largest share, accounting for 64.45 percent.
Financials
The company’s revenue rose by 6.25 percent from Rs. 10,698 crore to Rs. 11,366 crore in Q3FY24-25. Meanwhile, Net loss declined from Rs. 6,985.9 crore to Rs. 6,609.3 crore during the same period.
Written by Sridhar J
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