• Source:JND
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Vodafone-Idea Latest News: The Government of India's Communications Ministry made the bold decision to convert the spectrum auction proceeds from Vodafone Idea Ltd. into equity shares, increasing the government's ownership position in the telecom company to 48.99 per cent. The Ministry of Communications has decided to convert the outstanding spectrum auction dues, including deferred dues, after the expiration of the moratorium into equity shares to be issued to the Government of India under Section 62(4) of the Companies Act, the government stated in an exchange filing.

Rs 36,950 crore to be converted into equity

The filling said that 3,695 equity shares of Rs 10 apiece will be created from Rs 36,950 crore. The Government of India's share of the telecom operator will rise from its current 22.60 percent to about 48.99 percent following the issuance of equity shares.

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According to Vodafone Idea, it has been ordered to issue 3,695 crore equity shares with a face value of Rs 10 at an issue price of Rs 10 within 30 days of the relevant authorities, such as the Securities and Exchange Board of India, issuing the required instructions.

Vodafone-Idea Stocks

In the post-market session on Friday, March 28, Vodafone Idea's shares dropped 1.73 per cent to settle at Rs 6.81 from ₹6.93 at the previous market close. According to BSE data, it is now trading at a 52-week high of ₹ 19.15 on June 28, 2025, and a 52-week low of Rs 6.60 on November 22, 2024.

Over the last five years, stock market investors have received a 116% return on their Vodafone Idea shares. But during the last year, the stock has dropped 51.43%. In 2025, Vodafone Idea's shares dropped 15.09 per cent year-to-date (YTD).

Following the company's announcement of the introduction of 5G services in Mumbai, Vodafone Idea's stock increased by around 5% on March 19.

Disclaimer: This is a piece of news about recent developments. Jagran does not advise investing, please do take expert opinion before investing. 

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