Vodafone Group has planned to sell about 10% of its stake in Indus Towers for up to $1.1 billion to manage its substantial $42.17 billion net debt....
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Vodafone Group sells 18% stake in Indus Towers to reduce debt, generating $1.8 billion. Acquiring 1% of shares, Bharti Airtel increases stake to 49% in the telecom industry. Sale of 48.5 crore Indus shares at Rs 310-341 per share for debt repayment. Gross proceeds of 1.7 billion euros will be used to repay debt, including borrowings against Vodafone Idea.
Vodafone Group has planned to sell about 10% of its stake in Indus Towers for up to $1.1 billion to manage its substantial $42.17 billion net debt....
Meanwhile, Vodafone Group has reportedly sold as many as 53.3 crore shares in Indus Towers for Rs 17,065 crore.
Vodafone Group sold an 18 per cent stake in Indian infrastructure player Indus Towers for INR153 billion, cash set to be used to pay down debt secured...
Earlier reports claimed that Vodafone Group was eyeing to offload up to 18 per cent stake in Indus Towers.
Vodafone Group Plc is looking to sell 9.94% in India’s Indus Towers Ltd. in block trades
The telecom sector is looking at a series of tariff hikes and Indus Towers being India’s largest tower infrastructure provider is a big beneficiary.
The national government is ramping up its domestic borrowings in July as it aims to borrow P215 billion from the local debt market, according to the...
The national government raised 94.75 percent, or P170.228 billion, of its P180-billion programmed borrowings for June.
The stake sale comes just after the Vedanta group officially denied any stake sale plans after news reports alleged the same.
B2Gold (BTG) sells 79 million common shares of Calibre Mining as part of its capital allocation strategy.