Vodafone Idea stock may fall to ₹5! CLSA warns for this reason – India TV Hindi

Voda Idea Share - India TV Paisa

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Vodafone Idea. The share could fall 61 percent to Rs 5. Analysts at global brokerage firm CLSA have warned that if Vodafone Idea’s subscriber base continues to decline, Vodafone Idea’s stock could fall 61 percent to Rs 5. This is due to customer frustration with the company. We tell you that the company has lost 1.7 crore wireless subscribers in the last one year. According to the latest data released by the Telecom Regulatory Authority of India (TRAI), Reliance Jio added around 4.2 million wireless subscribers in January 2024, while Bharti Airtel added 0.75 million subscribers.

20,000 crore approval to raise Rs

The board of directors of debt-laden telecom major Vodafone Idea has approved the issuance of equity shares or convertible securities on a preferential basis. Now, it has been revealed that the company is planning to launch an FPO in the coming weeks to potentially raise ₹ 18,000-20,000 crore. This comes in the context of another big news related to the company. Last week, it was announced that the board had approved raising ₹ 2,075 crore from the Aditya Birla Group and increased the authorized share capital to ₹ 1 lakh crore, for which the company had approved shareholders on May 8. Will ask. The offer involves the issue of 1,395,427,034 equity shares.

The road ahead is not easy

Apart from capex and 5G rollout, Vi faces a financial crunch in FY26, when annual spectrum and AGR payments of $4 billion are due until the government defaults on the loan at the end of the grace period. , experts say. Vi’s subscriber decline is due to lower capex of ₹ 1,300 crore in the nine months of FY24, down 54% year-on-year, and 93% lower than Bharti Airtel’s Bharat Mobile capex of ₹ 19,300 crore.

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