Vodafone exits Indus Towers, sells shares worth Rs 2,800 crore; clears Rs 890 crore dues

Credit: IndiaTimes- Published 3 hours ago

British telecom firm Vodafone has sold its 3% stake in Indus Towers for Rs 2,800 crore, allocating Rs 890 crore for lender debt clearance and utilizing the remaining to increase its shareholding in Vodafone Idea to 24.39%. The transaction also settles Vodafone's obligations to Indus completely.

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