Vodafone Idea shares gain after Kumar Mangalam Birla buys stake from open market

Shares of Vodafone Idea Ltd. opened with gains of over 2% on Monday, February 9, after promoter Kumar Mangalam Birla picked up additional shares in the company over the last week.

KM Birla bought a total of 4.09 crore shares between January 30 and February 1 from open market.

Of this, 2.21 crore shares were acquired on January 30 at an average price of ₹10.95 per share, while another 1.88 crore shares were picked up on February 1 at ₹11.13 per share.

The purchases together account for around 0.03% of the company's outstanding equity.

As of December 2025, KM Birla held a 0.02% stake in Vodafone Idea, or about 1.94 crore shares, while promoters collectively own 25.5% in the telecom operator.

The fresh buying comes at a time when the stock has cooled off from recent highs, raising the question of whether the move reflects a renewed vote of confidence from the promoter.

Vodafone Idea shares ended 0.8% lower on Friday at ₹11.15, with the current market price around ₹11.12.

The stock is now down nearly 13% from its 52-week high of ₹12.8, which it touched in December following relief on AGR dues.