On December 9, 2024, Vodafone Idea’s share price showed a decline, closing at ₹8.11, down 0.12% from its previous close of ₹8.12. The stock traded in the range of ₹8.07 to ₹8.56 during the session. The decline coincides with the company’s ongoing efforts to raise up to ₹2,000 crore through equity or convertible securities as proposed by its board. This move comes amidst investor concerns about Vodafone Idea’s financial health and efforts to manage its debt.
About Vodafone Idea
Vodafone Idea Limited is an India-based telecom service provider. It provides pan-India voice and data services across second-generation (2G), third generation (3G) and fourth generation (4G) platforms. Its Vodafone Idea business services provide communication solutions to global and Indian corporations, public sector and government bodies, small and medium enterprises, and start-ups. It offers voice services, broadband services, and content and digital offerings. Its other services include entertainment services, such as sports, interactive voice response (IVR)- based content, wireless application protocol (WAP)-based games; voice and short message service (SMS)-based services, such as caller tunes, voice and SMS chat, star talk, expert advice, and subscriptions services; and utility services, such as missed call alerts, doctor on call and astrology services. Its subsidiaries include Vodafone Idea Manpower Services Limited, Vodafone Idea Business Services Limited, among others.
