PWC News
Wednesday, May 21, 2025
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Nokia Solutions Offloads Nearly 1% Stake In Vodafone Idea For Rs 786 Crore

Home Business
Share on FacebookShare on Twitter


Nokia Options and Networks India Pvt. on Friday divested about 1% fairness stake in Vodafone Thought Ltd., whereas Goldman Sachs picked up a 0.55% holding in telecom agency.

The community options supplier’s offloaded the stake within the debt-laden Aditya Birla Group firm for about Rs 786 crore by means of an open market transaction.

In response to NSE’s bulk deal information, Nokia Options and Networks India offered 102.70 crore shares, or a 0.95% stake in Vodafone Thought.

The shares, which have been offered for a median value of Rs 7.65 apiece, result in an combination worth of Rs 785.67 crore.

In the meantime, world funding agency Goldman Sachs picked up 59.86 crore shares, or 0.55% holding, in Vodafone Thought.

The shares have been acquired on the identical value. This took the deal worth to Rs 457.96 crore.

Nevertheless, particulars of the opposite consumers couldn’t be ascertained.

On Friday, shares of Vodafone Thought fell 5.93% to shut at Rs 7.46 per piece on the NSE.

Final 12 months, in June, the telco had introduced that it’s going to allocate shares value Rs 2,458 crore to distributors Nokia India and Ericsson India to clear their partial dues.

Pursuant to issuance of shares, the fairness stake of Nokia and Ericsson within the firm will likely be 1.5% and 0.9%, respectively.

(With PTI inputs)



Source link

Tags: CroreIdeaNokiaoffloadsSolutionsstakeVodafone
Previous Post

What to expect when eBay (EBAY) reports its Q1 2025 earnings results | AlphaStreet

Next Post

Ghost Town Vibes: Bitcoin Soars On ETFs, Not Users – Expert

Related Posts

Fire At Jindal Poly Films Subsidiary’s Plant In Nashik Hits Operations
Business

Fire At Jindal Poly Films Subsidiary’s Plant In Nashik Hits Operations

May 21, 2025
Rewriting the skill blueprint for pharma
Business

Rewriting the skill blueprint for pharma

May 21, 2025
Short-term dips seen as healthy realignments, not trend reversals: Deven Choksey
Business

Short-term dips seen as healthy realignments, not trend reversals: Deven Choksey

May 21, 2025
U.S. trade panel approves steep Trump tariffs on Asian solar imports (FSLR:NASDAQ)
Business

U.S. trade panel approves steep Trump tariffs on Asian solar imports (FSLR:NASDAQ)

May 21, 2025
Middle East investment promises balloon to  trillion as Trump keeps jacking up the number
Business

Middle East investment promises balloon to $7 trillion as Trump keeps jacking up the number

May 20, 2025
Smarter B2B Resale Strategies for Managing Excess Inventory and Returns
Business

Smarter B2B Resale Strategies for Managing Excess Inventory and Returns

May 20, 2025
Next Post
Ghost Town Vibes: Bitcoin Soars On ETFs, Not Users – Expert

Ghost Town Vibes: Bitcoin Soars On ETFs, Not Users - Expert

Stagflation Warning Signs: What Real Estate Investors Need to Know

Stagflation Warning Signs: What Real Estate Investors Need to Know

Zillow Becomes Housing Bear in Latest Forecast

Zillow Becomes Housing Bear in Latest Forecast

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Centrica flags Rough shutdown in blow to hydrogen storage hopes
Energy

Centrica flags Rough shutdown in blow to hydrogen storage hopes

by PWC
May 20, 2025
0

On this week’s Charging Ahead, Centrica has warned it may shut down its Tough offshore gasoline storage facility with out UK...

Breaking: Bitcoin Price Breaks All Time High, Moves Past Amazon To Become Fifth Largest Asset

Breaking: Bitcoin Price Breaks All Time High, Moves Past Amazon To Become Fifth Largest Asset

May 21, 2025
Shiprocket unveils India’s first AI-integrated MCP server

Shiprocket unveils India’s first AI-integrated MCP server

May 17, 2025
Q4 Results Live: BHEL, Hyundai Motor India, Shipping Corporation To Be In Focus

Q4 Results Live: BHEL, Hyundai Motor India, Shipping Corporation To Be In Focus

May 16, 2025
The Changing Learning Landscape: Why AI Needs a Human Touch

The Changing Learning Landscape: Why AI Needs a Human Touch

May 16, 2025
Misunderstanding These Real Estate Tax Strategies Could Cost You Thousands

Misunderstanding These Real Estate Tax Strategies Could Cost You Thousands

May 16, 2025
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.