Discussion Govt of India now holds 48.99% stake in Vi (Vodafone Idea)

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WizarD said:
what does this mean? GoI shares are not actually going up to 48.99% in one shot ???
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I think so. Promoter Group Holding was 37.32% during Last quarters (Sep24 & Dec24). In Jan2025, Voda UK sold its remaining 3% stake in Indus Towers and bought back some shares in VoId (for Rs1910 crores, valued at Rs11.23, when market price was Rs7.83). So Promoter holding increased in Mar25 Qtr. Now the promoter holding is down to 25.5% as per VoId's PR stmt.

If this is really a single shot transaction, then Math isn't Mathing.
Esmail said:
No, it means that the promoter group has bought back that deficit of approx 13% shares from other investors at the then market price of ₹6.81 per share and allotted them to the Government at the face value of ₹10 per share. Which is like an indirect discount to Vi on its dues to the government.
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It is possible, but is that even Legal? Promoter buying 13% of shares from others at discount and selling it to Govt for higher price? Even if this is OK according to Govt, then Opposition will have a field day saying Govt wasting Public money for a Pvt Co. Further VoId Promoters have to report SEBI about this big transaction with full details (from whom DII / FII and at what price) before hand, right?
 
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