Vodafone Idea Gains on Government Equity Conversion Support
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Published on: April 01, 2025 | Source: IndMoney
Vodafone Idea's shares surged following the government's conversion of Rs 36,950 crore in dues to equity, raising its stake to 48.99%. Despite this re...
Vodafone Idea's shares surged following the government's conversion of Rs 36,950 crore in dues to equity, raising its stake to 48.99%. Despite this relief, the company faces significant long-term challenges, including high debt and subscriber retention issues. Brokerages remain cautiously optimistic, highlighting the need for further government support and tariff hikes for sustainable growth.
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Vodafone Idea's shares surged following the government's conversion of Rs 36,950 crore in dues to equity, raising its stake to 48.99%. Despite this re...
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