Vodafone Idea shares moved up over 1% on Monday after a major block deal was reported last week. The stock rose by 1.47% to ₹7.58 per share on the BSE.
According to NSE bulk deal data, Nokia Solutions and Networks India Pvt Ltd sold around 103 crore shares of Vodafone Idea at ₹7.65 each, amounting to a total transaction of ₹785.67 crore. Meanwhile, Goldman Sachs (Singapore) PTE bought nearly 60 crore shares of Vodafone Idea at the same price, with a total deal value of ₹457.96 crore.
Read More, RBL Bank’s Share Price Jumps 6% Post Q4 FY25 Earnings: Know What’s Driving the Rally.
Recently, Vodafone Idea converted its spectrum dues worth around ₹37,000 crore into equity shares. The company issued 3,695 crore equity shares to the Department of Investment and Public Asset Management (DIPAM). After this transaction, the government now owns a 48.99% stake in Vodafone Idea’s expanded paid-up capital.
Vodafone Idea shares closed 5.92% lower at ₹7.47 on Friday, before the slight recovery on Monday.
Looking at the longer trend:
At 9:20 AM, Vodafone Idea shares were trading 0.54% higher at ₹7.51 on the NSE, with a market capitalisation of over ₹81,365 crore.
Vodafone Idea is a major telecom service provider in India, offering mobility and long-distance services, along with the sale of handsets and data cards.
Despite short-term fluctuations, Vodafone Idea’s long-term performance shows a significant 76% return over the past 5 years, making it an interesting stock to watch.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 28, 2025, 11:07 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates