The Company has informed the Exchange about the Monitoring Agency Report(s) for the Quarter ended 31 March 2025
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Awaiting price reaction for this filing.
Vodafone Idea has filed Monitoring Agency reports for the quarter ended 31 March 2025 covering two capital raises. (1) The Rs. 18,000 crore FPO (April 2024, net proceeds Rs. 17,614.20 crore) has deployed Rs. 7,939.44 crore so far: network expansion (4G/5G) of Rs. 3,104.67 crore out of planned Rs. 12,750 crore, spectrum deferred payments to DoT of Rs. 2,145.89 crore out of Rs. 2,175.32 crore, and general corporate purposes fully utilized at Rs. 2,688.88 crore. The remaining Rs. 9,674.76 crore sits in bank fixed deposits (mostly SBI, IDBI, Axis) earning 5–7.5% interest. (2) The Rs. 1,909.95 crore preferential issue to promoter group entities (January 2025) was fully used to pay Indus Towers under passive infrastructure agreements. Both monitoring agencies (CARE Ratings and Acuité) confirmed zero deviations from stated objects.
Routine SEBI compliance filing with no negative flags. For shareholders, the FPO's network capex is running behind schedule (only ~24% spent on the Rs. 12,750 crore 4G/5G rollout in one year), which could be a mild concern, but idle funds are earning safe bank FD returns. No immediate stock price catalyst expected.