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What is Correct Share Price of Vodafone India?

Though we do not have any direct listing of Vodafone on Indian stock market and to arrive at the answer to the question that what is the correct valuation of Vodafone India; we need to check one of the latest transactions where stake sale has been undertaken.

As per Wikipedia and data accessed; Vodafone India Limited, formerly Vodafone Essar Limited, is the second largest mobile network operator in India after Airtel by subscriber base. It is based in Mumbai, Maharashtra. It has approximately 160 million customers as of December 2013.

Piramal Enterprises Ltd has agreed to divest its entire equity stake, about 11 per cent (comprising 45,425,328 shares), in Vodafone India Ltd to Prime Metals Ltd, an indirect subsidiary of Vodafone Group Plc, for a total consideration of Rs 8,900 crore. This values the shares of Vodafone India Ltd at Rs 1,960 per share. Post this transactions share price of Piramal enterprises has zoomed today.

Thus we can safely assume that each share of Vodafone is being valued at minimum Rs 1,960 per share and no doubt it has a mammoth share in the Indian market and its subscriber base is growing with each passing day.

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