Vodafone To Sell 3% Stake In Indus Towers

Vodafone to sell 3% stake in Indus Towers to clear debt
British telecom company Vodafone will sell 3 per cent stake in Indus Towers to clear its debt of $101 million or about Rs 856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea.
UK's Vodafone to sell remaining 3% stake in India's Indus Towers
Vodafone Group will sell its remaining 3% stake in Indian telecom infrastructure developer Indus Towers, the British telecom group said on Wednesday. The British firm said it has launched a placing of its remaining 79.
Vodafone to sell off last remnant of Indus Towers stake
Vodafone has been actively seeking to sell down its stake in Indus Towers since 2022, gradually reducing its stake from 28% to 21.5% earlier this year. In June, the company announced it was looking to sell a further 10% in the company, but a surge of interest saw them reconsider the scale of the stake sale.
Vodafone to Sell Remaining Stake in Indian Tower Company Indus
Vodafone Group Plc is to sell its remaining stake in India’s Indus Towers Ltd. after offloading $1.8 billion worth of shares in June.
Indus Towers releases pledge on over 3% shares held by Vodafone promoters
These residual proceeds will be used to purchase equity in a fresh issuance of shares by Vodafone Idea, which will then use the funds to clear its outstanding dues to Indus Towers
Vodafone Idea, Indus Towers shares jump up to 5% around market closing time. Here's why
Vodafone PLC will sell its remaining 3% stake in Indus Towers to repay Vodafone Idea's debt. The proceeds may also be used to invest in Vi's new equity issue. This news boosted shares of both Vodafone Idea and Indus Towers.
Vodafone exits Indus Towers with sale of remaining 3% stake
Vodafone Group stated that the proceeds from the placing will first be used to repay Vodafone's outstanding borrowings of approximately USD 101 million
Vodafone Group Plc to offload Indus Towers stake via Rs 2,700 crore block trade at a slight discount
Kotak and BofA are learnt to be the brokers for the share sale by Vodafone Plc's units Omega Telecom and Usha Martin Telematics. Bharti Airtel, the other promoter entity holds 50% in the company.
Stocks in news: Vodafone Idea, Indus Towers, Torrent Pharma, Bharat Forge, Indraprastha Gas
PG Electroplast launched a qualified institutional placement to raise up to Rs 1,500 crore. The indicative issue price is at Rs 690-699 per share, according to a CNBC TV18 report.
Vodafone to sell 3% stake in Indus Towers
Vodafone Group Plc announces that it has launched a placing of its remaining 79.2 million shares in Indus Towers Limited representing 3.0% of Indus' outstanding share capital through an accelerated book build offering.
Vodafone Group to Sell 3.0% of Indus Towers
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Stock Radar: Indus Towers, PG Electroplast, Bharat Forge, Indraprastha Gas, Torrent Pharma, Dynamic Services in focus on Thursday
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