Block Deal: Vodafone Idea Sees ₹823 Crore Equity Change Hands, Share Price Slides 4.6%

On Friday, April 25, shares of Vodafone Idea Ltd. opened with gains following a large trade executed at the opening bell. Despite the promising start, the sentiment turned negative as the session progressed, with the stock falling by 4.6% by 1:44 PM.

Block Deal Details: ₹823 Crore Worth of Shares Traded

According to exchange data, a block deal involving 103 crore shares—or 1.44% of Vodafone Idea’s outstanding equity—took place in 10 transactions. The shares changed hands at an average price of ₹7.98, translating to a total deal value of approximately ₹823 crore. The identities of the buyer and seller involved in the transaction have not yet been disclosed.

Government Holding Rises After Spectrum Dues Conversion

In a significant move earlier this year, Vodafone Idea converted spectrum dues worth over ₹36,000 crore into equity. This action increased the Government of India’s stake in the telecom company to 48.99%, making it the largest shareholder in the struggling operator.

Read More: Vodafone Idea Share Price in Focus as Telco Seeks DoT Nod for Equity Swap. 

Declining Subscriber Base Raises Concerns

Despite attempts at stabilisation, the company continues to face challenges. As per data released by the Telecom Regulatory Authority of India (TRAI), Vodafone Idea lost 13.4 lakh users in January 2025, adding to its ongoing subscriber attrition.

Retail and Mutual Fund Participation Grows

Interestingly, retail investor interest in Vodafone Idea remains strong. At the end of the March quarter, 59.06 lakh retail shareholders—defined as those with authorised capital investments of up to ₹2 lakh—held equity in the firm.

Domestic mutual funds also showed increased confidence, with 32 schemes collectively owning a 4.5% stake as of March, up from 28 funds holding 3.6% in December 2024.

Conclusion 

The market’s initial optimism, possibly driven by expectations around the block deal. The stock’s dip after early gains underscores ongoing investor caution amid a sell-off in the markets. 

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