Overview: Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. The Company provides pan India Voice and Data services across 2G, 3G and 4G platform.
About the company: The Indian multinational conglomerate, Aditya Birla Group owned Idea was a pan-India integrated GSM operator and had 220.00 million subscribers as of June 2018.On the other hand, Vodafone was the Indian
subsidiary of one of the world’s largest telecommunications company Vodafone Group plc and was one of the biggest telecommunications services provider in India which had a market share of 21%.Idea Cellular and Vodafone India merger was announced in March 2017.
The merger got approval from Department of Telecommunications in July 2018. On 30 August 2018, National Company Law Tribunal gave the final nod to the Vodafone-Idea merger and the merger was completed on 31 August 2018, and the newly merged entity was named Vodafone Idea Limited. Vodafone Idea unveiled its new brand identity, ‘Vi’ which involves the integration of the company’s erstwhile separate brands ‘Vodafone’ and ‘Idea’ into one unified brand from 7th September 2020.
Management: Mr. Ravinder Takkar is the Managing Director & Chief Executive Officer and Mr Kumar Mangalam Birla is the Chairman.
Foreign Promoter: 53.57%
Foreign Institutions: 6.08%
N Banks Mutual Funds: 0.96%
General Public: 15.63%
Financial Institutions: 0.44%
Sales Report: For the October-December (2020) quarter, the company has reported a Consolidated Total Income of Rs 10,933.50 Crore, which is up .95 % from last quarter Total Income of Rs 10,830.50 Crore, but down 3.93 % from last year same quarter Total Income of Rs 11,380.50 Crore. Vodafone Idea reported a consolidated net loss of ₹4,532.4 crore for the quarter. The telecom giant posted net loss of ₹7,218.5 crore in the previous quarter. The company’s subscriber base declined 2 million in the December quarter (2020) from 269.8 million in the previous quarter. Vodafone Idea’s 4G subscriber base stood at 109.7 million during the quarter under review, against 3.6 million in the September quarter.
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|Stock Name : Vodafone Idea Limited||Buy : 9.40||Posted Date : April 10, 2021|
|Stopless : 8.70||Target : 11.35|