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Indus Towers

UK’s Vodafone had initially planned to sell a 10 per cent stake, but strong investor demand promoted it to nearly double the sale size.

Companies & Markets

UK's Vodafone sells US$1.8 billion stake in India's Indus Towers

Vodafone Group now has a 3.1 per cent stake in Indus

Vodafone will sell roughly 268 million shares in Indus Towers through stock market block deals in Mumbai at a price range of 310 rupees (S$5.02) to 341 rupees per share, valuing the stake between US$996 million to US$1.1 billion.

Companies & Markets

Vodafone to sell 10% stake in India's Indus Towers for up to US$1.1 billion

Vodafone plans to repay part of its US$42.17 billion net debt using proceeds from the Indus Towers stake sale

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