Vodafone Idea Share Price | Penny stock of Rs 9 will become a rocket, big plan of telecom Vodafone-Idea company – NSE: IDEA
Vodafone Idea Share Price | Shares of Vodafone Idea Limited Company are under a lot of pressure due to some recent incidents. Vodafone Idea Limited (NSE: IDEA) Shares of have fallen 30.82% in the last one month. On Tuesday, October 15, the stock had closed at Rs 9.16, up 0.77 per cent. On Wednesday, October 16, the stock had closed at Rs 9.24, up 1.32 per cent. (Vodafone Idea Limited Company Excerpt)
Big plan on Vodafone Idea
The eighth edition of the 2024 India Mobile Congress was inaugurated by Prime Minister Narendra Modi on October 15 at Pragati Maidan in New Delhi. On this occasion, Kumar Mangalam Birla has given information about the big plan of Vodafone Idea Limited Company. Kumar Mangalam Birla said that Vodafone Idea will soon be transformed. Vodafone Idea Limited is confident of transforming itself. We have proved this many times in the past. On Thursday (October 17, 2024), the stock was trading at Rs 9.20, down 0.97%.
Telecom company burdened with debt
At the 2024 India Mobile Congress, Vodafone Idea Ltd Chairman Kumar Mangalam Birla said the fund raising for the debt-laden Vodafone Idea Ltd telecom company has helped revive the capex cycle. Kumar Mangalam Birla highlighted that the FPO of Vodafone Idea Limited Company is the largest offer of its kind in India. “Vodafone Idea Limited has received tenders worth more than Rs 90,000 crore,” the company said in a statement. Vodafone Idea Ltd has already announced the first phase of a $3.6 billion mega deal with three global companies – Nokia, Ericsson and Samsung, company Chairman Kumar Mangalam Birla said. Kumar Mangalam Birla expressed confidence that with the continued support of the Central Government, we will contribute to achieving the Prime Minister's target of Digital India. Kumar Mangalam Birla said India's third largest telecom company is making significant progress in tackling spam and fraud and has taken important steps in the transformation. Acknowledging the importance of digital connectivity, Kumar Mangalam Birla lauded the efforts of the Central Government in bringing several reforms and said that the digital transformation is now moving from big businesses to small and medium enterprises. At Vodafone Idea Limited, we are committed to provide maximum support by driving digital transformation in India's small businesses with a focus on technologies like 4G, IOT, AI and Cloud.
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