Vodafone Idea share price

Vodafone Idea is now renamed to VI.
After a deal with Indus Towers, the stock value of Vodafone Idea has shot up by 3.35%.
VD and Idea were merged in the year 2018, and after merging both companies are facing financial problems.
Airtel and Reliance have a lot of market shares, and it is difficult for VI to come out of the financial crunch.

The total share price of Vodafone Idea was Rs 10.38 and raised to Rs 10.82 because of the deal. According to the experts, this is not going to help VI improve its financial health.

VI is in the market for a long time. But because of the competition in the market from companies like Airtel and Reliance, VI is unable to survive. This is the reason why VI is not in the profit zone. The two main important companies Airtel and Reliance have 90% of the market in hand. It is almost impossible for VI to capture the market now.

There are a total of 58,000 sites of VI, and 30,000 sites of Indus Tower are selling out. The total amount is $3.6 billion, and this will help VI come out of financial trouble to a certain extent.

The income of VI is not good, and VI is providing fake data to the SEBI about its income. As the management is poor, VI is facing a loss of Rs 11000 crores, and this is the reason the share price is going down.

Disclaimer: The information provided in this article is solely for informational purposes and does not constitute financial advice. I am not a financial advisor, and you should consult with a qualified professional before making any investment decisions.