Vodafone exits Indus Towers, sells shares worth Rs 2,800 cr; clears Rs 890 cr dues
- Posted on January 10, 2025
- By Business News Today
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Vodafone exits Indus Towers, sells shares worth Rs 2,800 cr; clears Rs 890 cr dues
British telecom firm Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday. Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in a regulatory filing.
