Telecom News: Vodafone Idea Reported to Have Sold its Shares to ATC Telecom

Telecom News: Vodafone Idea has been continuously making headlines for the past few days. According to reports, the company is said to have sold its shares to ATC Telecom in a block deal. This deal was made in the market for 3.16%, i.e. for about 153 Cr shares. The size of this block deal is Rs 2,084 Cr, leading to a sharp decline in Vodafone Idea’s shares. 

Vodafone Idea Shares in 2024

In the last week, there was a sharp decline of 5% in the share of Vodafone Idea. In the last 3 months, there was a decline of 7% and from January to April, there was a decline of 15%. If we talk about ATC Telecom, the company had a share of 2.8% of Vodafone Idea by March 2024. Meanwhile, the share of promoters fell from 50% to about 48.91%.