Vodafone Group is set to sell a significant portion of its stake in India's Indus Towers. The British telecommunications giant plans to offload up to 18% equity, valued at approximately $2.3 billion, through block deals on June 19. This strategic move is part of Vodafone's broader effort to reduce its debt burden. The sale will be conducted at a price range of ₹310-341 per share, with the offer price at a discount of 0.8% to 9.9% from the previous day's close. Vodafone will sell 26.8 crore shares and has hired Bank of America, Morgan Stanley, and BNP Paribas to facilitate the transaction. The proceeds from the sale will be used to repay Vodafone's debt.
Sources To #CNBCTV18 📢| #VodafoneGroup now likely to sell up to 18% equity in #IndusTowers https://t.co/nQ3xmuohHp
Just In | Vodafone: Vodafone Group increases block of Indus Towers shares @ViCustomerCare https://t.co/bJKwSIV6mk
Indus Towers: Vodafone Plc likely to sell up to 9.94% of the total equity via block deals. Price band fixed between ₹310 - ₹341 per share. The offer price is at a discount of 0.8% to 9.9% from Tuesday's close.
Vodafone to Raise Over $1 Billion Via Stake Sale in India Tower Business https://t.co/h3ZtntyJGO
Vodafone Group Plc currently owns 21.5 per cent stake in Indus via various group entities. It will use the proceeds to repay its own debt https://t.co/1ujwVuETT3
Vodafone Indus Towers Latest News: Stake sale worth $1.09 billion through block deals on June 19 – Details https://t.co/I0ISKyS9rc
#Vodafone's Indus Towers stake sale expected to bring $110 million in passive inflows https://t.co/iFLFlRHFoR
#Vodafone Group Plc is looking to sell 9.94% in #India’s Indus Towers Ltd. in block trades, according to terms of the deal obtained by Bloomberg News, as the #UK-based carrier continues to streamline its portfolio. Read more: https://t.co/Xr0GljKmDS
Vodafone Group will sell about 10% stake in India's Indus Towers for as much as $1.1 billion on Wednesday #vodafone #industower https://t.co/b8iiPe3fwj
Vodafone to sell 10% stake in India's Indus Towers for up to $1.1 bln, term sheet shows https://t.co/GOCfht2LK5 https://t.co/KtXMfVbmr1
#MarketsWithMC | Vodafone PLC plans to sell Indus Towers shares worth up to $1.1 bn in block deals tomorrow. 📉📊 Sale of 26.8 crore shares at ₹310-314 each.💸 Know more about it here👇 https://t.co/6ry9RE6GPX #Vodafone #PLC #IndusTowers #Shares
Vodafone is looking to sell its stake in India’s Indus Towers for up to $1.1 billion
#VodafoneGroup likely to offload a 9.9% stake in #IndusTowers via block deals. The price band for the block deal is fixed between ₹310-341 per share.
Vodafone PLC to sell 9.9% stake in Indus Towers on Wednesday through block deals https://t.co/dCFMHMgOTS
#NewsFlash | Indus Towers block is launched. As per termsheet, Vodafone Group is likely to sell shares up to $1.1 Billion (9.94% eq) at a price range of ₹310-341 per share https://t.co/Jg2V0m4Q3a
#NewsFlash | Vodafone group likely to sell shares up to $1.1 billion, sources to @VivekIyer72 Here's more👇 https://t.co/W2HweSPwkH
#FromBloomberg | Vodafone group selling up to $1.1 bn Indus Stake Via Block Here's more👇 https://t.co/W7LvMECRwJ
Vodafone's Indus stake sale could accelerate tower company repayments: JPMorgan 💼📈 Click here to know more👇 https://t.co/nXE60gBZ1g #Stake #Sale #Vodafone #JPMorgan #Idea @DanishKh4n
Vodafone's Indus stake sale could accelerate tower company repayments: JPMorgan 💼📈 Click here to know more👇 https://t.co/nXE60gBZ1g #Stake #Sale #Vodafone #JPMorgan #Idea
#IndusTowers special dividend coming post Vodafone stake sale? Here's what analysts say https://t.co/Av9iGuUgH1
Indus Tower: Vodafone Group may offload its entire $2.3 billion stake in Indus Towers through block deals next week. Vodafone's 21.5 percent stake, held through various entities, could be sold off entirely or partially, depending on demand.
Vodafone owns 21.5% of mobile-tower operator Indus via various group entities. As of Friday's closing stock price in Mumbai, the investment is worth $2.3 billion https://t.co/VdRsUmcmpJ
Vodafone Group is poised to offload its $2.3 billion stake in India's Indus Towers through block deals in the stock market next week. This strategic sale is part of the British telecommunications giant’s broader effort to mitigate its debt burden, as per sources cited by Reuters
Vodafone-Indus Towers Stake Sale: Latest update on entire $2.3 billion share sale https://t.co/CFI8AQ3dL6
Vodafone is seeking to sell its entire $2.3 billion stake in India’s Indus Towers through block deals next week, Reuters reports, sources say https://t.co/dkLatzuS4y
Vodafone Group is looking to sell its entire $2.3 billion stake in India's Indus Towers through stock market block deals next week, two sources with direct knowledge said, part of the British firm's effort to repay debt. #vodafone #industowers https://t.co/2txof4nWmf
#MarketsWithMC | #Vodafone Group's entire stake worth $2.3 billion in mobile-tower operator Indus Towers could be sold through block deals next week. Read more about it 👇 https://t.co/pzTm7BqnVS #StockMarket #IndusTowers #Telecom
#MarketsWithMC | Vodafone plans to offload entire $2.3 billion stake in Indus Towers next week via block deals. 💼💰 Read more about it here⤵️ https://t.co/pzTm7BqnVS #Vodafone #IndusTowers #stake #shares #sale
Sources To #Reuters | Vodafone Group is looking to sell its entire $2.3 billion stake in Indus Towers next week https://t.co/YBZLS9lEb3
SOURCES SAY | Vodafone looks to sell entire $2.3 bn stake in India's Indus Towers next week https://t.co/eCfub7bAkL
Exclusive: Vodafone looks to sell $2.3 bln stake in India's Indus Towers, sources say https://t.co/fpmMI9HwSB https://t.co/xciyO2yH0W
⚠️ EXCLUSIVE- **VODAFONE LOOKS TO SELL ENTIRE $2.3 BLN STAKE IN INDIA'S INDUS TOWERS NEXT WEEK, SOURCES SAY **VODAFONE HAS HIRED BANK OF AMERICA, MORGAN STANLEY, BNP PARIBAS FOR INDUS TOWER STAKE SALE, SOURCES SAY
#VodafoneIdea's board approves raising Rs 2,458 crore through issuance of shares on a preferential basis.
#VodafoneIdea has decided to offer a Rs 2,458 cr stake in the financially beleaguered #telecom operator to long-term vendors #Nokia and #Ericsson in a bid to partially clear outstanding dues. @Subhayan_ism https://t.co/fDUQfxftz2 https://t.co/V0USCY4d5v