Telefonica Brasil (VIV) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Telefonica Brasil S.A. is proposing a significant reduction of R$2 billion in its capital stock, which will return funds to shareholders without affecting the number of shares. This strategic move is set to adjust the company’s capital structure and is subject to approval at an extraordinary general meeting.
For further insights into VIV stock, check out TipRanks’ Stock Analysis page.