Vodafone Idea’s shares surged 23% after the government raised its stake to 49% by converting spectrum dues into equity. Brokerages hold mixed views, with target prices ranging from Rs 6.5 to Rs 15. Key concerns remain AGR dues, funding challenges, and subscriber growth. Long-term viability depends on tariff hikes and debt financing.
Kotak Mahindra MF, Citigroup, others buy 10.64% stake in Home First Finance for Rs 1,307 crore
Kotak Mahindra MF, Fidelity, Morgan Stanley, and Citigroup Global Markets Mauritius are among those entities that collectively bought a 10.64 per cent stake in Home