|
|
|
Vodafone Idea stocks zoom, BSE seeks clarification
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 19 Feb, 2020
Vodafone Idea (VIL) saw a sharp surge in its stock price on the BSE over
reports that the government is unlikely to invoke its bank guarantees
for now.
At noon, its shares were trading at Rs 4.08 a share, higher by 35 per cent after surging nearly 50 per cent on Wednesday.
With
the government mulling the possibility of invoking bank guarantees of
the telcos to recover the statutory dues, Vodafone Idea chairman Kumar
Mangalam Birla on Tuesday met Telecom Secretary Anshu Prakash on the AGR
payment issue after paying Rs 2,500 crore on Monday.
The company
had urged the court that the bank guarantee deposited with the
government by Vodafone Idea should not be encashed. Birla has maintained
that without relief on the AGR payout, it may not be possible to
continue as a going concern.
Taking note of the surprise surge in its stock price, exchanges sought a clarification from the company.
"The
exchange sought clarification from Vodafone Idea Ltd on February 19
with reference to significant movement in price, in order to ensure that
investors have latest relevant information about the company and to
inform the market so that the interest of the investors is safeguarded,"
the company informed in an exchange filing.
On Tuesday, Vodafone
Idea's scrips closed 11 per cent lower after India Ratings downgraded
its rating on non-convertible debentures of Rs 3,500 crore citing stress
on the company's near-term liquidity after the Supreme Court's ruling.
Vodafone
Idea has dues worth Rs 53,000 crore, which includes up to Rs 24,729
crore of spectrum dues and another Rs 28,309 crore in licence fee.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|