Vodafone zooms on pledging stake in Vodafone Idea with foreign banks

Vodafone Idea is currently trading at Rs. 14.55, up by 0.55 points or 3.93% from its previous closing of Rs. 14.00 on the BSE.

The scrip opened at Rs. 13.90 and has touched a high and low of Rs. 14.85 and Rs. 13.90 respectively. So far 1540281 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 39.68 on 12-Jun-2018 and a 52 week low of Rs. 13.60 on 10-May-2019.

Last one week high and low of the scrip stood at Rs. 17.10 and Rs. 13.60 respectively. The current market cap of the company is Rs. 40229.54 crore. The promoters holding in the company stood at 71.33%, while Institutions and Non-Institutions held 17.60% and 11.08% respectively.

Vodafone Plc has pledged its entire stake in Vodafone Idea with seven foreign banks. The Group companies have pledged their 44.39% stake in Vodafone Idea. Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class 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.

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