Apr. 25 at 3:06 PM
▶️Nokia Solutions and Networks India sold a 0.98% stake (102.7 crore shares) in Vodafone Idea for ₹786 crore;
▶ Buyer: Goldman Sachs (Singapore) purchased 59.86 crore shares at ₹7.65 per share in a bulk deal on NSE.
Transaction Date: April 25, 2025.
▶ Share Price Impact: Vodafone Idea shares fell nearly 7% from intraday high post-deal, closing at ₹7.65.
▶ Nokia’s Remaining Stake: Post-sale, Nokia holds approximately 0.49% in Vodafone Idea.
▶ Context: Nokia had acquired a 1.47% stake in July 2024 (₹1,520 crore) to settle dues, indicating a partial exit strategy.
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