Vodafone Idea shares fall 3% ahead of Q4 results, likely fundraising announcement

Vodafone Idea

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26 Aug, 2025 12:21

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The shares of telecom major Vodafone Idea (Vi) plunged over 3 percent to trade at Rs 6.92 apiece on May 30. The sharp fall in the share price comes ahead of the telecom major’s earnings announcement, which is scheduled for today.

Notably, Vodafone Idea's board is also set to approve a plan for fund raising, the company had informed exchanges. The fund-raising plan, set to be announced by the company, will be kept under active watch, given the elevated dues of the company.

Earlier this year, the telecom major had cautioned the government that it cannot operate beyond the ongoing financial year 2026 without its support and may have to go for insolvency. "Without GoI's (Government of India) timely support on AGR, VIL will not be able to operate beyond FY26 as the bank funding discussions will not move forward," VIL CEO Akshaya Moondra wrote in a letter to the DoT secretary.

Earlier this year, the firm had announced that the Central government will convert its outstanding spectrum dues into equity shares. VI will issue 3,695 crore equity shares at a price of Rs 10 per share, converting dues to stock worth Rs 36,950 crore and increase government’s stake in the firm to 48.99 percent from 22.6 percent.

Post the equity conversions, the Vodafone Idea owes government Rs 1.95 lakh crore in AGR and spectrum dues.

Additionally, the firm along with its telecom peers has sought waiver of adjusted gross revenue (AGR) dues. Vodafone Idea sought a waiver of Rs 45,457 crore in dues. However, the Supreme Court dismissed the companys' pleas. "We are really shocked by these petitions which have come before us. It is not expected of a multinational company. We will dismiss it," the bench told senior advocate Mukul Rohatgi, appearing for Vodafone Idea.

Despite today’s fall in share price, the stock has risen over 2 percent in the past five days. The stock has however plunged nearly 17 percent in the past six months, and over 52 percent in the past one year.