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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FLERE HISTORIER FRA THE NEW INDIAN EXPRESSSe alt
AFTER ARJUNA'S DYNASTY BARB, VCK SUSPENDS HIM FOR 6 MONTHS
The New Indian Express

AFTER ARJUNA'S DYNASTY BARB, VCK SUSPENDS HIM FOR 6 MONTHS

The ousted deputy general secretary is in no mood to relent as he reaffirms that the mindset that thinks oppressed communities should not come to power is 'monarchic'

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2 mins  |
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The New Indian Express

Chennai-Mysuru Express superfast to be operated as ordinary from Jan 3

THE Chennai-Mysuru Intercity Express will be downgraded from a superfast to an ordinary express starting January 3, following a decision by the South Western Railway (SWR) and approval from the Railway Board.

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Udhaya lays foundation for 493 GCC projects worth ₹280 crore
The New Indian Express

Udhaya lays foundation for 493 GCC projects worth ₹280 crore

DEPUTY Chief Minister Udhayanidhi Stalin laid the foundation stone at the Ripon Building on Monday to transform the Marina Beach to achieve the Blue Flag status.

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1 min  |
December 10, 2024
The New Indian Express

Six travel agents held for forging docus to obtain Indian passports

THE fake passport wing of the Central Crime Branch (CCB) in Chennai arrested six travel agents on Monday for forging Aadhaar cards to obtain Indian passports illegally.

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1 min  |
December 10, 2024
Cops open fire at armed rowdy in 'self defence'
The New Indian Express

Cops open fire at armed rowdy in 'self defence'

A special police team opened fire at a 24-year-old history sheeter after he allegedly threatened to shoot the personnel with a country-made gun to evade arrest.

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1 min  |
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Govt may give forest dept 96 acres of reclaimed Perungudi dump site
The New Indian Express

Govt may give forest dept 96 acres of reclaimed Perungudi dump site

Final decision will be taken after Anna University conducts study on soil below land surface

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2 mins  |
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Does MS' Will preclude third party from instituting award in her name, asks Madras HC
The New Indian Express

Does MS' Will preclude third party from instituting award in her name, asks Madras HC

THE Madras High Court on Monday questioned whether the Will of legendary Carnatic singer M.S. Subbulakshmi prevented a third party from instituting an award in her name.

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1 min  |
December 10, 2024
Udhaya, Anbil Mahesh to inaugurate 48th Chennai Book Fair on Dec 27
The New Indian Express

Udhaya, Anbil Mahesh to inaugurate 48th Chennai Book Fair on Dec 27

DEPUTY Chief Minister Udhayanidhi Stalin and School Education Minister Anbil Mahesh Poyyamozhi will inaugurate the 48th edition of the Chennai Book Fair on December 27, the Booksellers and Publishers Association of South India (Bapasi) officially announced on Monday.

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December 10, 2024
The New Indian Express

Tasmac staff urge minister to fix glitchy billing system

THE Tamil Nadu Tasmac Employees Union (AITUC) has urged Electricity and Prohibition Minister V Senthil Balaji to resolve issues related to the QR code-based billing system implemented on a pilot basis in Tasmac outlets in select districts.

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1 min  |
December 10, 2024
City residents need to be taught to love their waterbodies
The New Indian Express

City residents need to be taught to love their waterbodies

Keeping Head Above Water TNIE invites prominent citizens to pen their experiences and suggestions that can help mitigate the impact of rain

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2 mins  |
December 10, 2024