Vodafone Plc exits Indus Towers, sells shares worth Rs 2,800 crore

Quick Summary:

Among the promoters, the Aditya Birla Group held 14.76 per cent, while the government held a 23.15 per cent stake in Vi at the end of the second quarter (July-September) of FY25.

Vodafone Plc utilised the residual proceeds from the latest transaction—Rs 1,910 crore—to enhance its stake in telecom operator Vodafone Idea (Vi).

The company had been reducing its stake in Indus Towers for some time.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Stake sale Vodafone Vodafone Indus Towers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 19:10:01 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25039182

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