UK-based Vodafone Plc, which holds a 19% stake in Vodafone Idea, was considering transferring part of its shareholding to the company itself to keep the Indian telco in its coffers, Bloomberg reported, citing people familiar with the matter. It added that instead of injecting more cash into the Vodafone Indian business, there would be a share transfer.
The company’s shares rallied more than 8% on Monday despite a general stock market rout following the report, which claimed the move could boost loss-making Vodafone Idea’s balance sheet and help its ongoing efforts to raise debt.
Clarity of Vodafone Idea
After exchanges sought clarification from Vodafone Idea following a sharp rise in share prices, the company said it has not yet received any communication from the Vodafone group in this regard.
Vodafone Idea said the report could possibly refer to the announcements already made in December last year about the Contingent Liability Adjustment Mechanism (CLAM) arrangement. As part of a December exchange filing, which the company re-shared yesterday, Vodafone Idea announced that it has written off liabilities arising from the 2017 Vodafone-Idea merger of around Rs. Revised a major contract with its UK-based parent company to secure a recovery of Rs 5,836 crore.
Vodafone Idea Share Price
Shares of Vodafone Idea have seen a significant bounce recently, jumping 10% in a week and 28% in a month. Shares of the telecom company are up more than 2% so far in 2026.
Over the long term, the stock jumped more than 67% in one year, 69% in three years and 34% in five years. The company currently has Rs. It has a market capitalization of over 1.26 lakh crore.
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