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.

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