Vodafone Group has sold an 18% stake in Indus Towers for approximately Rs 15,300 crore through block deals, with Bharti Airtel increasing its stake. The sale is part of Vodafone's efforts to repay its existing lenders. Indus Towers is set to recover around Rs 4,250 crore from Vodafone Group.
#CNBCTv18Exclusive | Bharti Airtel's Megaplans For Indus Towers #BhartiAirtel plans to buy 3% stake from Vodafone Plc, sources also suggest Nxtra to be merged with #IndusTowers https://t.co/k7d9xFKeYG
๐๐๐จ๐๐๐๐จ๐ง๐ ๐๐๐ฅ๐ฅ๐ฌ ๐๐ง๐๐ฎ๐ฌ ๐๐จ๐ฐ๐๐ซ๐ฌ ๐๐ญ๐๐ค๐ ๐ญ๐จ ๐๐๐ฒ ๐๐๐ ๐๐๐๐ญ ๐ธVodafone Plc sold an 18% stake in Indus Towers for Rs 15,300 crore to pay off debts & other liabilities in India
Vodafone Idea | CMP: Rs 17 | Shares traded 4 percent higher after a report said the telecom service provider had completed its 5G rollout obligation in all circles.
Vodafone Group sold an 18% stake in Indus Towers for approximately Rs 15,300 crore. #Vodafone #IndusTowers
Vodafone Group sold an 18% stake in Indus Towers for approximately Rs 15,300 crore. Discover the key reasons behind this move ๐ https://t.co/P1Qe1HKUx6 #Vodafone #IndusTowers
Vodafone sells $1.83 billion stake in Indus Towers to repay debt https://t.co/PELVjSbpuv . . . #Vodafone | #Industower | #Bankofamerica | #MorganStanley | #BNP | #Bhartiairtel | #RepublicBusiness | #RepublicTV | #RepublicTVLive https://t.co/kfXje2z4lH
Bharti Airtel Ltd, Norges Bank and more purchased shares of telecom towers operator Indus Towers from global telecom major Vodafone PLC More details ๐ https://t.co/qIdyFd3Ndq #Vodafone #BhartiAirtel #NorgesBank
#UKโs #VodafoneGroup sells 18% in Indus for Rs 15,300 crore https://t.co/WzrYI19NeL
Vodafone sold 484.7 mn shares, representing an 18% stake, in tower management company Indus Towers through block deals, raising Rs 15,300 cr. #Vodafone #IndusTowers #telecoms https://t.co/qTqwXwajIN https://t.co/p8dWRZRwQK
British telecom player Vodafone on June 19 said it has sold an 18% stake in Indus Towers for โฌ1.7 billion (about โน15,300 crore). https://t.co/kVOw9Pj82y
Indus Towers to recover maximum of Rs 4,250 crore from Vodafone group, J P Morgan says https://t.co/tYs1raIDbe
News Alert | Indus Tower block deal update ๐ https://t.co/lGw7Kuhtee
British telecom player Vodafone on Wednesday said it has sold an 18 per cent stake in Indus Towers for 1.7 billion euro (about Rs 15,300 crore). #vodafone #industowers https://t.co/F58qSO25vc https://t.co/2cyn4WTk59
ICYMI: Vodafone Group has sold a bigger-than-planned 18% stake in India's Indus Towers for $1.82 billion, with local telecom operator Bharti Airtel picking up shares to increase its stake to nearly 50%. via @followthemani and @nmandz78 @Reuters https://t.co/bMmxaCZNmJ
Indus Towers | CMP: Rsย 334 | Shares slumpedย 2.8 percent after Vodafone Group offloaded an 18 percent stake in the company Rs 15,300 crore through block deals. The company plans to use to repay its existing lenders.
Indus Towers ends in the red but off lows after Vodafone Plc sells 18% stake Bharti Airtel acquires 1% stake in Indus Towers, stock sees a close in the red
Vodafone subsidiaries have raised about $1.8 billion in proceeds by selling shares in Indiaโs Indus Towers in block deals executed on exchanges https://t.co/evNfIgjMgf
Vodafone to offload 10% in Indus Towers to raise up to Rs 9,000 crore. @ParagonWorli18 #Vodafone #Telecom #IndusTowers https://t.co/oIftuse0ck https://t.co/fQp0ZYamJr