President of India bought 36,95,00,00,000 shares of this telecom stock at Rs 10; Do you own it?
The company has a market capitalization of over Rs 50,000 crore with the world’s largest outstanding shares of 71,39,30,35,001 shares.
On Wednesday, shares of this telecom service provider, gained 1.11 per cent to Rs 7.26 per share from its previous closing of Rs 7.18 per share. The stock’s 52-week high is Rs 19.15 and its 52-week low is Rs 6.60 per share.
This intimation is being made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, further to the company's letter dated 30 March 2025. It concerns the allotment of equity shares to the Government of India pursuant to an order under section 62(4) of the Companies Act, 2013. The Capital Raising Committee of the Board of Directors of Vodafone Idea Limited (IDEA/532822) at its meeting held on 8 April 2025, has issued and allotted 36,95,00,00,000 equity shares.
These shares have a face value of Rs 10 each and were issued at an issue price of Rs 10 per equity share, aggregating to Rs 3,69,50,00,00,000 to the Department of Investment and Public Asset Management, Government of India. Following this allotment, the shareholding of the Government of India in the company now stands at 48.99% of the expanded paid-up capital base. Consequently, the paid-up Equity Share Capital of the Company has increased to Rs. 10,83,43,03,50,010/-, comprising 1,08,34,30,35,001 Equity Shares with a face value of Rs 10 each.
The trending telecom stock is Vodafone Idea Ltd
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About Vodafone Idea Ltd
Vodafone Idea Limited is amongst India’s leading telecom service providers. The company provides Pan-India Voice and Data services across 2G, 3G, 4G and 5G platforms. The company holds a large spectrum portfolio, including mid-band 5G spectrum in 17 circles and mm-Wave 5G spectrum in 16 circles. To support the growing demand for data and voice, the Company is committed to delivering delightful customer experiences and contributing towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow.
The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future-ready with innovative offerings, conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
The company has a market capitalization of over Rs 50,000 crore with the world’s largest outstanding shares of 71,39,30,35,001 shares. The company's majority of stake, i.e., 48.99 per cent, is owned by the Government of India (Department of Investment and Public Asset Management).
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Disclaimer: The article is for informational purposes only and not investment advice.