KM Birla raises Vodafone Idea stake after purchasing 4 crore shares from open market
Billionaire industrialist and Vodafone Idea promoter Kumar Mangalam Birla has raised his stake in the telecom operator through open market transactions over the past week, acquiring a total of 4.09 crore shares between January 30 and February 1.
Of the total, around 2.21 crore shares were bought on January 30 at an average price of ₹10.95 (discount of 5.5% from the last close) per share, while an additional 1.88 crore shares were purchased on February 1 at an average price of ₹11.13 (3.8% discount) apiece. The combined transactions represent roughly 0.03% of the company’s outstanding equity.
