Voda to sell 3% stake in Indus Towers to clear debt
The New Indian Express|December 05, 2024
VODAFONE, the parent company of Vodafone Idea Limited, announced on Wednesday that it will sell 3% stake in Indus Towers to clear its debt of $101 million (about ₹856 crore).

The residual amount will be used to pay outstanding dues of its Indian venture, Vodafone Idea.

Following this transaction, Vodafone's stake in Indus Towers will fall below 1%.

Prior to this, Vodafone held 82.5 million shares, representing a 3.1% stake in Indus Towers.

In June, Vodafone sold an 18% stake in Indus Towers for nearly ₹15,300 crore.

هذه القصة مأخوذة من طبعة December 05, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 05, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE NEW INDIAN EXPRESS مشاهدة الكل
The New Indian Express

LIMIT COFFEE AND TEA INTAKE

Coffee and tea can be beneficial to health when consumed in moderation and at the right time

time-read
2 mins  |
January 10, 2025
The New Indian Express

Electric magic carpet

This two-wheeler EV manufacturer comes up with its latest weapon to challenge legacy manufacturers

time-read
2 mins  |
January 10, 2025
The New Indian Express

DMK, AIADMK ON SAME PAGE ON RESOLUTION AGAINST UGC

AIADMK urges CM to launch a national-level protest by getting support of CMs of all states

time-read
2 mins  |
January 10, 2025
Fielding holding Shafali back from returning to side?
The New Indian Express

Fielding holding Shafali back from returning to side?

WITH the series against Ireland starting soon, a source close to BCCI has said that it is up to the team management and players to make the most of the chances they are given.

time-read
2 mins  |
January 10, 2025
The New Indian Express

Iniyan finishes on top in Chennai Open GM Chess tournament

GRANDMASTER Pa Iniyan of Tamil Nadu won the 15th Chennai Open International GM Chess tournament, organised by Tamil Nadu State Chess Association at Chennai on Thursday.

time-read
2 mins  |
January 10, 2025
The New Indian Express

Boxers Shiva, Sachin shine

REIGNING champion Shiva Thapa began his title defence with a commanding win over Enayat Khan in welterweight (60-65kg) category at the 8th Elite Men's National Boxing Championship here on Thursday.

time-read
1 min  |
January 10, 2025
The New Indian Express

Jigsaw puzzle for selectors ahead of CT

Focus shifts to England series including 5 T20Is & 3 ODIs with latter taking prominence thanks to proximity of ICC event

time-read
1 min  |
January 10, 2025
ISL: Sting in tail for Chennaiyin
The New Indian Express

ISL: Sting in tail for Chennaiyin

ODISHA FC scored an injury-time goal to snatch a point against Chennaiyin FC in the Indian Super League here on Thursday.

time-read
1 min  |
January 10, 2025
Spurs Beat Liverpool in League Cup Semifinal
The New Indian Express

Spurs Beat Liverpool in League Cup Semifinal

LIVERPOOL boss Arne Slot slammed the controversial decision not to send off Tottenham's Lucas Bergvall before the teenager sealed a 1-0 win in the League Cup semi-final first leg on Wednesday.

time-read
1 min  |
January 10, 2025
Lancers beat Gonasika 2-1, move to 3rd place
The New Indian Express

Lancers beat Gonasika 2-1, move to 3rd place

KALINGA Lancers secured their second successive win of the season after beating Team Gonasika 2-1 in their Hockey India League (HIL) fixture at the Birsa Munda Hockey Stadium in Rourkela on Thursday.

time-read
1 min  |
January 10, 2025