Voda Idea shares rise over 3 pc

| | New Delhi
1 2 3 4 5
  • 0

Voda Idea shares rise over 3 pc

Friday, 20 November 2020 | PTI | New Delhi

Voda Idea shares rise over 3 pc

Shares of Vodafone Idea Ltd (VIL) on Friday jumped over 3 per cent after the company received Rs 3,760 crore cash on completion of the Bharti Infratel and Indus Towers merger deal.

VIL stock climbed 3.24 per cent to Rs 9.57 on the BSE. On the NSE, it jumped by 3.78 per cent to Rs 9.60 apiece.

Bharti Infratel shares too rallied up over 9 per cent on the bourses. On the BSE, the scrip surged 9.46 per cent to Rs 203.15.

Similarly, on the NSE, it gained 9.49 per cent to Rs 203.55.

According to a regulatory filing, the merger of Bharti Infratel and Indus Towers to create a mega tower company has been completed, and Vodafone Idea has received about Rs 3,760 crore cash for its 11.15 per cent holding in Indus.

As promoters of the new company, Vodafone Group will hold 28.12 per cent stake in the merged entity while the holding of Bharti Airtel Group will be about 36.7 per cent.

 

Trending News

more

State Editions

Delhi cabinet young with caste, gender and religion

21 February 2025 | Staff Reporter | Delhi

CM Rekha Gupta performs Yamuna aarti after taking oath

21 February 2025 | Staff Reporter | Delhi

BJP’s return to power may end LG tussel

21 February 2025 | Staff Reporter | Delhi

Delhi gets its ninth Chief Minister

21 February 2025 | Staff Reporter | Delhi

Ramlila Maidan turns saffron

21 February 2025 | Staff Reporter | Delhi

Delhi cabinet young with caste, gender and religion

21 February 2025 | Staff Reporter | Delhi

Sunday Edition

Chettinad: Unleashing the Ghosts of Imagination

16 February 2025 | Divya Bhatia | Agenda

A Sky Full of Wings

16 February 2025 | SAKSHI PRIYA | Agenda

Pan India Plates

16 February 2025 | Abhi Singhal | Agenda

Indulgent Flavours

16 February 2025 | Team Agenda | Agenda

Young and Rising Stars of Dining

16 February 2025 | Pawan Soni | Agenda

Reconnect with yourself

16 February 2025 | Rohit Kaul | Agenda

Chettinad: Unleashing the Ghosts of Imagination

16 February 2025 | Divya Bhatia | Agenda

A Sky Full of Wings

16 February 2025 | SAKSHI PRIYA | Agenda