Vodafone Idea stocks rises 2% as govt says no immediate plan to sell stake in telco

Vodafone Idea share price settled higher by nearly 2 percent in Tuesday's trade after the government cleared the air on its divestment plans in the telecom giant.

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26 Aug, 2025 12:21

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Vodafone Idea share price settled higher by nearly 2 percent in August 27 trade after the government cleared the air on its divestment plans in the telecom firm.

Shortly after Moneycontrol reported that the government has no immediate plans to divest its stake in Vi, the scrip rose 2.46 percent to the day's high of Rs 16.18 per share on the NSE.

“They (Vi) will have to inform the DoT about their internal accruals and how much of that has gone up. And, what sort of financial burden they can take. As of now, they haven’t really shared any substantial update on their operations post the fundraising,” a senior telecom ministry official told Moneycontrol, adding that the telco is still in the early days of implementing its turnaround strategy.

The government is also evaluating the request for a potential waiver of bank guarantees on upcoming regulatory dues of Rs 24,747 crore, sources told Moneycontrol

The counter settled at Rs 16.09 apiece, up 1.90 percent. The uptrend in the stock was seen after two days of consecutive fall in the share price.

As per the data available on the BSE, Vodafone Idea stock has delivered multibagger returns of 165.34 percent in the last three years. In the last two years, it moved higher by 75.05 percent.

The government holds over 33 per cent equity stake in Vodafone Idea, which has been fighting a desperate battle for survival. It has a debt of Rs 2.1 lakh crore and has been reporting quarterly losses.

In February 2024, the company's board had approved raising up to Rs 20,000 crore in equity from promoters and other investors by June, as it looked to shore up finances for the much-delayed 5G rollout and strengthening 4G services.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.