Vodafone Idea share price in focus after block deal; Goldman Sachs buys 60 crore shares worth ₹458 crore from Nokia
Vodafone Idea share price will be in focus on Monday after a major block deal in the telecom company’s shares last week. On Friday, Vodafone Idea had plunged nearly 6%.
While Nokia Solutions and Networks sold nearly 103 crore Vodafone Idea shares, Goldmann Sachs purchased around 60 crore shares of the company through bulk deals.
Vodafone Idea Block Deal Details
According to NSE bulk deal data, Nokia Solutions and Networks India Private Ltd sold 1,02,70,27,024 equity shares of Vodafone Idea at ₹7.65 apiece. The total transaction value was ₹785.67 crore.
On the other hand, Goldman Sachs (Singapore) PTE bought 59,86,43,729 Vodafone Idea shares at ₹7.65 apiece. The value of the total shares bought was ₹457.96 crore.
On Friday, Vodafone Idea share price ended 5.92% lower at ₹7.47 apiece on the BSE.
Vodafone Idea Stock Price Trend
Vodafone Idea share price has gained 4% in one month and the telecom stock is down 6% on a year-to-date (YTD) basis. Over the past one year, Vodafone Idea shares have declined 37%.
However, Vodafone Idea stock price has rallied 76% in the past five years.
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