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    IDEA   INE669E01016

VODAFONE IDEA LIMITED

(IDEA)
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Delayed NSE India Stock Exchange  -  09:00 2022-08-08 am EDT
8.650 INR   -1.14%
08/04TRANSCRIPT : Vodafone Idea Limited, Q1 2023 Earnings Call, Aug 04, 2022
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08/04Vodafone Idea Trims Fiscal Q1 Loss But Performs Below Expectations; Repositions CEO as Chairman
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08/03Vodafone Idea's Consolidated Net Loss Narrows in Fiscal Q1; Loss Per Share, Revenue Miss Estimates
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Vodafone Idea Limited Board to Consider Raising Funds

06/20/2022 | 11:24am EDT

The board of Vodafone Idea Limited (NSEI:IDEA) will meet on June 22, 2022 to consider a INR 5.00 billion fund infusion plan from Vodafone Group Plc. The infusion, the second in two months, comes ahead of the 5G spectrum auction that will see Indian telecom companies battle for airwaves in multiple bands. In a stock exchange notification, Vi said the board will meet on June 22, 2022 to consider the proposal for raising funds aggregating up to INR 5.00 billion via equity shares or convertible warrants on a preferential basis to Vodafone group entities. In March, Vi approved a INR 45.00 billion fund raise with two promoters pitching in with capital. While Vodafone Group has invested around INR 33.75 billion, the Aditya Birla group put in INR 11.25 billion. However, the company has so far been unable to raise funds from any external investor. In a recent interaction with Business Standard, the company's Chief Executive Officer Ravinder Takkar said the firm is looking to grow its 4G network and improve capacity with fund infusion. The bulk of the capex requirements in the next three to four years will be in these two buckets and will also include investments in 5G, Takkar said. “We require INR 250.00 billion of additional investment which the board has approved. Our promoters have recently put in INR 45.00 billion, so we need about INR 200.00 billion more which will be raised in combination of debt and equity,” he had said.


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All news about VODAFONE IDEA LIMITED
08/04TRANSCRIPT : Vodafone Idea Limited, Q1 2023 Earnings Call, Aug 04, 2022
CI
08/04Vodafone Idea Trims Fiscal Q1 Loss But Performs Below Expectations; Repositions CEO as ..
MT
08/03Vodafone Idea's Consolidated Net Loss Narrows in Fiscal Q1; Loss Per Share, Revenue Mis..
MT
08/03Vodafone Idea Names New Chairman
MT
08/03Vodafone Idea Limited Announces Cessation of Arun Thiagarajan as Independent Director
CI
08/03Vodafone Idea Limited Announces Management Changes
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08/03Vodafone Idea Limited Reports Earnings Results for the First Quarter Ended June 30, 202..
CI
08/01Reliance Jio top spender in India's $19 bln 5G spectrum auction
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08/01India concludes $19 billion 5G spectrum auction
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08/01INDIA TELECOM MINISTER : Vodafone idea wins spectrum worth 188 bl…
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Analyst Recommendations on VODAFONE IDEA LIMITED
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Financials
Sales 2023 434 B 5 448 M 5 448 M
Net income 2023 -253 011 M -3 179 M -3 179 M
Net Debt 2023 2 158 B 27 122 M 27 122 M
P/E ratio 2023 -1,07x
Yield 2023 -
Capitalization 278 B 3 492 M 3 491 M
EV / Sales 2023 5,62x
EV / Sales 2024 4,86x
Nbr of Employees 8 760
Free-Float 25,0%
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Mean consensus UNDERPERFORM
Number of Analysts 19
Last Close Price 8,65 INR
Average target price 6,76 INR
Spread / Average Target -21,9%
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
Abhijit Kishore Chief Operating Officer
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