Vodafone Idea released its shareholding. The report shows that more retail investors have started buying the company’s shares, with the number of retail shareholders increasing to 59.06 lakh.
Mutual funds have also shown more confidence in the company. Their total stake in Vodafone Idea has gone up from 3.6% to 4.5%.
The Government of India now owns 48.99% of the company. This happened after the government converted the company’s unpaid spectrum dues into equity shares.
Despite these changes, the stock is still trading 35% lower than its Follow-on Public Offer (FPO) price. It is also 63% lower than its highest price in the past one year (52-week high).
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