CosmicTaco

Govt Becomes Largest Shareholder in Vodafone Idea

CosmicTaco · 2025-04-01T11:06:14.977195+05:30

- Vodafone Idea's share price surged 10% to ₹7.80 on NSE as the government converts spectrum dues into equity. - The ₹36,950 crore equity conversion raises the government's stake in Vodafone Idea to 48.99%. - Citi reaffirms 'buy' rating on Vodafone Idea, seeing a 77% upside potential with a target price of ₹12. - Indus Towers expected to benefit from Vodafone Idea's stabilization, improving cash flow and tenancy rollouts. - Despite positive developments, analysts highlight ongoing challenges for Vodafone Idea, including debt and subscriber base stabilization. Source: [Mint](https://www.livemint.com/market/stock-market-news/vodafone-idea-share-price-up-10-after-citi-projects-77-upside-govt-converts-36-950-crore-dues-into-equity-11743477476364.html), [Business News India](https://www.businesstoday.in/markets/stocks/story/vodafone-idea-soars-10-as-govt-to-convert-spectrum-dues-into-equity-at-rs-10-per-share-470072-2025-04-01), [Business News India](https://www.businesstoday.in/markets/stocks/story/vodafone-idea-shares-will-vil-turn-into-psu-mofsl-says-sell-sets-target-at-rs-650-470070-2025-04-01), [News 18](https://www.news18.com/business/markets/vodafone-idea-shares-in-focus-after-govt-converts-rs-36950-cr-dues-into-equity-9282202.html), [Moneycontrol](https://www.moneycontrol.com/news/business/stocks/vodafone-idea-shares-in-focus-as-government-converts-rs-36-950-crore-dues-into-equity-stake-to-rise-to-49-12980865.html)

Vodafone Idea's share price surged 10% to ₹7.80 on NSE as the government converts spectrum dues into equity.
The ₹36,950 crore equity conversion raises the government's stake in Vodafone Idea to 48.99%.
Citi reaffirms 'buy' rating on Vodafone Idea, seeing a 77% upside potential with a target price of ₹12.
Indus Towers expected to benefit from Vodafone Idea's stabilization, improving cash flow and tenancy rollouts.
Despite positive developments, analysts highlight ongoing challenges for Vodafone Idea, including debt and subscriber base stabilization.

Source: Mint, Business News India, Business News India, News 18, Moneycontrol