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Nokia Solutions

By Gurminder Mangat , 27 April 2025
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Nokia Solutions Divests 1% Stake in Vodafone Idea for Rs 786 Crore Amid Ongoing Debt Restructuring

Nokia Solutions and Networks India recently sold nearly 1% of its stake in Vodafone Idea for Rs 786 crore through an open market transaction. The sale of 102.7 crore shares at Rs 7.65 each aligns with Vodafone Idea's ongoing debt restructuring efforts, which also involve share allocations to vendors like Nokia and Ericsson. While Goldman Sachs acquired a substantial portion of the shares, Vodafone Idea’s stock price saw a notable drop, reflecting investor sentiment amid the company's financial challenges.

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