Inventory Market Right now: Vodafone Concept share value declined greater than 2% in morning trades on Friday. The down development within the inventory continues regardless of firm’s announcent approving preferential allotment of 169,32,18,361 Fairness Shares to Promoter aggregating to ₹1910 crore.
The Vodafone Concept share value opened at ₹7.93 on the BSE on Friday, flat over the day prior to this shut. The Vodafone Concept shar value thereafter declined additional to ₹7.68 which translated into dip of virtually 2.7%. The decline in Vodafone India share value continued regardless of its Board approving issuing preferential shares to promoters to boost funds.
The Vodafone Concept share value already is down greater than 3% in 2025 and has declined virtually 54% in final six months
Vodafone Concept Restricted had knowledgeable the exchanges on Thursday submit market hours concerning allotment of 1693218361 Fairness Shares to Promoters of the Firm aggregating to Rs. 1909.95 Crores on preferential foundation
The discharge by Vodafone Concept on the exchanges mentioned that pursuant to the approval accorded by the Board of Administrators of the Firm , at its assembly held on 9 December 2024 and the particular decision handed by the members of the Firm on 7 January 2025, the Capital Elevating Committee of the Board has, at its assembly held on 9 January 2025, allotted 1,69,32,18,361 Fairness Shares of face worth of Rs. 10/- every to promotes.
The shares have been allotted at a problem value of Rs. 11.28 per fairness share (together with a premium of Rs. 1.28 per fairness share). to Omega Telecom Holdings Non-public Restricted (1,08,45,94,607 Fairness Shares) and Usha Martin Telematics Restricted (60,86,23,754 Fairness Shares), promoters of the Firm, aggregating to Rs. 1909.95 crores, on a preferential foundation
Publish allotment of those shares the paid-up Fairness Share Capital of the Firm stands elevated to ₹7,13,93,03,50,010 comprising of 71,39,30,35,001 Fairness, as per the corporate launch.
Shares of the face worth of Rs. 10/- every
