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News Topical, Digital Desk : Shares of Vodafone Idea Limited rose sharply on Monday, February 9. The shares opened with a gain of over 2 percent after the company's promoter, Kumar Mangalam Birla, purchased an additional stake in the open market.
According to information, Kumar Mangalam Birla purchased a total of 40.9 million shares from the open market
between January 30 and February 1. Of these, 22.1 million shares were purchased on January 30 at an average price of ₹10.95 per share. He then purchased 18.8 million shares on February 1 at an average price of ₹11.13 per share.
Combined, these two purchases represent approximately 0.03 percent of the company's total equity. As of December 2025, Kumar Mangalam Birla held a 0.02 percent stake in Vodafone Idea, equivalent to approximately 19.4 million shares. The promoters' total stake in the company is 25.5 percent.
Vodafone Idea Stock News
This latest purchase by the promoter comes at a time when Vodafone Idea shares have fallen from recent highs. This has raised questions in the market about whether this move signals renewed confidence from the promoter.
Vodafone Idea Stock Price:
On Friday, Vodafone Idea shares closed at ₹11.15, down 0.8 percent. The current market price is around ₹11.12.
Vodafone Idea shares had reached a 52-week high of ₹12.8 in December after receiving relief regarding AGR dues. However, the stock has since declined and is now trading around 13 percent below its 52-week high. Following this open market purchase by Kumar Mangalam Birla, Vodafone Idea shares have once again come under the radar of investors.
Vodafone Idea share price has risen 5.24 percent in the last five days. The stock has gained 1.60% in one month, 73.33% in six months, and 25.80% in one year.
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