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    IDEA   INE669E01016

VODAFONE IDEA LIMITED

(IDEA)
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KM Birla Reportedly Offers to Hand over Vodafone Idea Stake to Govt

08/03/2021 EDT

Aditya Birla Group Chairman Kumar Mangalam Birla has offered to transfer the group's entire ownership in Vodafone Idea Limited (NSEI:IDEA) to the government in a last-ditch effort to keep the cash-strapped telco from collapsing. In a letter to Cabinet Secretary Rajiv Gauba in June, Birla expressed the group's inability to fund the company any further. "It is with a sense of duty towards the 270 million Indians connected by Vodafone Idea, I am more than willing to hand over my stake in the company to any entity-public sector/government /domestic financial entity or any other that the government may consider worthy of keeping the company as a going concern," Birla said in the letter, parts of which were reviewed by Mint. The development marked new thinking by Vodafone Idea's promoters, who were initially looking to onboard financial investors through a mix of debt and equity. An Aditya Birla group spokesperson did not respond to requests for comment.


ę S&P Capital IQ 2021
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Analyst Recommendations on VODAFONE IDEA LIMITED
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Financials
Sales 2022 421 B 5 706 M 5 706 M
Net income 2022 -260 403 M -3 528 M -3 528 M
Net Debt 2022 1 892 B 25 639 M 25 639 M
P/E ratio 2022 -1,26x
Yield 2022 -
Capitalization 330 B 4 477 M 4 477 M
EV / Sales 2022 5,28x
EV / Sales 2023 4,90x
Nbr of Employees 9 173
Free-Float 27,9%
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Technical analysis trends VODAFONE IDEA LIMITED
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Income Statement Evolution
Consensus
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Buy
Mean consensus UNDERPERFORM
Number of Analysts 17
Last Close Price 11,50 INR
Average target price 6,46 INR
Spread / Average Target -43,8%
EPS Revisions
Managers and Directors
Ravinder Takkar Chief Executive Officer, Director & MD
Akshaya Moondra Chief Financial Officer
Himanshu Kapania Non-Executive Chairman
Jagbir Singh Chief Technology Officer
Ambrish Pandey Jain Chief Operating Officer
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