Vodafone Idea shares rise after block deal; Goldman Sachs picks up stake from Nokia

Vodafone Idea shares have been trending since early trade on Monday, April 28, following a major block deal involving global investment giant Goldman Sachs.

The telecom stock rose over 1 percent intraday, continuing to attract attention despite its volatile performance over the past year.

According to data from the NSE, Nokia Solutions and Networks India Pvt Ltd sold around 103 crore shares of Vodafone Idea at a price of Rs 7.65 per share, translating to a deal worth approximately Rs 785.67 crore.

Meanwhile, Goldman Sachs (Singapore) PTE stepped in to buy nearly 60 crore shares at the same price, with a total transaction value of Rs 457.96 crore.

The sizable acquisition by a reputed global institution has triggered renewed optimism among investors.

Earlier this year, Vodafone Idea completed the conversion of its spectrum dues into equity.

The telecom major issued 3,695 crore shares to the Department of Investment and Public Asset Management (DIPAM), resulting in the government owning a 48.99% stake in the company’s expanded capital base.

This move has significantly changed the ownership structure, with the government emerging as the largest shareholder.

On Monday, Vodafone Idea shares rose by 1.47% to Rs 7.58 on the BSE.

Here's a closer look at the stock's performance:

Gained 4% over the past month

Down approximately 6% year-to-date in 2025

Declined by 37% over the last one year

Delivered a strong 76% return over the past five years

Despite short-term volatility, long-term investors have seen considerable returns.

Vodafone Idea Limited (Vi) is a leading telecom operator in India, offering voice and data services, long-distance connectivity, and device sales across the country.

The company remains crucial to India’s competitive telecom landscape, although it continues to grapple with heavy debt and operational challenges.

The recent block deal involving Goldman Sachs and Nokia has brought Vodafone Idea back into market focus.

While the stock remains volatile, its improved ownership structure and strategic investor interest make it a company to closely watch.

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