Vodafone Group Stock News

Bharti Airtel: The telecom major on Friday said it has entered into an agreement with Vodafone Group Plc. to buy 4.7% equity in Indus Towers. The financial details of the deal have not been disclosed.

Buzzing stocks: Biocon, Sun Pharma, Aurobindo Pharma, Zomato, Reliance Ind, Adani Power, SJVN, Ircon, Muthoot FInance, Star Housing Fin, Vodafone Idea, Bharti Airtel, Hindalco

Nifty futures on the Singapore Exchange traded merely 27 points, or 0.16 per cent, higher at 16,686.50, signaling that Dalal Street was headed for a positive start on Monday. Here are some stocks which may buzz the most in today''s trade.

Vodafone Group Plc found using ticker (VOD) have now 2 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 25.01 and 24.99 calculating the average target price we see 25. Now with the previous closing price of 17.67 this now indicates there is a potential upside of 41.5%. The 50 day MA is 16.79 and the 200 day MA is 16.6. The market capitalisation for the company is $48,559m. Find out more information at: https://www.vodafone.com [stock_market_widget type="chart" template="basic" color="green" assets=VOD" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $68,703m based on the market concensus. Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

The Supreme Court has held that an individual facing any deficiency in telecom services can approach consumer forums directly with his complaint against the company. The fact that the remedy of arbitration under the Indian Telegraph Act of 1885 is of a statutory nature would not oust the jurisdiction of the consumer forum in such matters, a bench of Justices DY Chandrachud, Surya Kant and Vikram Nath said. "It would be open to a consumer to opt for the remedy of arbitration, but there is no compulsion in law to do so and it would be open to a consumer to seek recourse to the remedies which are provided under the (Consumer Protection) Act of 1986, now replaced by the Act of 2019, the bench said. The top court passed the verdict on an appeal of Vodafone by which the company had challenged an order of National Consumer Disputes Redressal Commission (NCDRC) by which it had affirmed the view of SCDRC that Section 7B of the Act of 1885 would not be applicable to a private service provider

Bharti Airtel shareholders have cleared the issue of equity shares by the company to Google on “a preferential basis” following the US-based tech giant’s recent purchase of a 1.28% stake in the telco for $700 million. They have also backed the telco’s plans to spend a whopping Rs 1.17 lakh-crore in related-party expenses, including opex, via joint venture, Indus Towers, and subsidiaries – Nxtra Data and Bharti Hexacom – over the next four years.“The resolutions (as part of special businesses) were approved with a 99.99% overwhelming majority at Airtel’s extraordinary general meeting (EGM) on February 26,” the Sunil Mittal-led telco said in an exchange filing.Last month, Google had announced an investment of up to $1 billion in Bharti Airtel. Of this, $700 million would be for a 1.28% stake, while the balance $300 million would be pumped in over five years as part of commercial pacts to make smartphones more affordable to drive 4G upgrades and also jointly develop network domain 5G use cases.

Deal signed on condition that proceeds are used to clear Vi''s dues

British telecom operator Vodafone Plc in a statement earlier stated that it will participate in VIL''s fundraising process along with the Aditya Birla group

New Delhi, Feb 25 (IANS) Telecom major Bharti Airtel on Friday said it has entered into an agreement with Vodafone to buy its 4.7 per cent equity interest in Indus Towers. According to Bharti Airtel, the agreement is based on the principal condition that the amount paid for the equity stake shall be inducted by […] The post Bharti Airtel to acquire Vodafone’s 4.7% stake in Indus Towers appeared first on Buziness Bytes .

The transaction will be done on the principal condition that the amount paid shall be inducted by Vodafone as fresh equity in Vodafone Idea Limited…

New Delhi [India], February 25 (ANI): Bharti Airtel said on Friday it has entered into an agreement with Vodafone to buy its 4.7 per cent equity stake in Indus Towers on conditions that the proceeds will be used for investments in debt-ridden Vodafone Idea and clearing dues of the mobile tower company. "Bharti Airtel has accordingly entered into an agreement with Vodafone to buy 4.7 per cent equity interest in Indus Tower

Telecom operator Bharti Airtel on Friday said it has signed an agreement to buy Vodafone''s 4.7 per cent stake in Indus Towers on the condition that the proceeds will be used for investment in Vodafone Idea and clearing its dues towards the mobile tower company.

Accordingly, Vodafone has to purchase fresh equity in VIL and simultaneously remit to Indus Towers to clear VIL’s outstanding dues

Bharti Airtel Ltd. has agreed to buy a 4.7% equity in Indus Towers Ltd. from Euro Pacific Securities Ltd., an affiliate of Vodafone Group Plc.

Bharti Airtel has signed an agreement to buy Vodafone''s 4.7 per cent stake in Indus Towers on the condition that the proceeds will be used for investment in Vodafone Idea and clearing dues of the mobile tower company.