Why Voda IDEA Share price is falling today? Latest News on Vodafone IDEA Stock Government take over

Why Voda IDEA Share price is falling today? Latest News on Vodafone IDEA Stock Government take over

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0:02 Introduction about the company
In this video we will learn about Why Voda IDEA Share price is falling today? Latest News on Vodafone IDEA Stock Government take over
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Kumar Mangalam Birla willing to give up his stake in Vodafone Idea to a PSU
This is the first time that one of Vi's parents have spoken to the government of their plans to offload their stake, fearing a collapse of the loss-making telco.
Mumbai | New Delhi: Aditya Birla Group (ABG) chairman Kumar Mangalam Birla had nearly two months ago offered to hand over the group’s 27.66% stake in Vodafone Idea (VIL) to any public sector or domestic financial entity who could keep the company afloat, while asserting that without immediate government support, the telco would be driven to an irretrievable point of collapse.

“It is with a sense of duty towards the 27 crore (270 million) Indians connected by VIL, I am more than willing to hand over my stake in the company to any entity - public sector/government/domestic financial entity, or any other that the government may consider worthy of keeping the company as a going concern,” Birla said in a letter dated June 7 to Cabinet Secretary Rajiv Gauba. He further said potential foreign investors wanted the government to show clear intent of its keenness to have a three player telecom market.

The letter predated last month’s Supreme Court order which dismissed the plea of Vodafone Idea and other telcos to permit rectification of ‘arithmetical errors’ in the computation of adjusted gross revenue (AGR) dues.

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01:06 - Fundamentals of the stock

Please refer external links

1. https://zerodha.com/

2. https://www1.nseindia.com/

3. https://www.bseindia.com/

4. https://www.moneycontrol.com/

5. https://www.economictimes.com/

03:06 - Technicals Analysis of the stock

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a) Long Term Investors, they will learn about - Investments ideas India, Why its share price is going up down? Breaking News India Stock Market.

b) Beginners in stock market, they will learn about - Basics of share market for beginners, basics of trading stocks, basics of investing in stocks, basics of trading, basics of stocks, day trading for beginners.

06:06 - Our Recomendation

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07:00 Conclusion

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