Versuchen GOLD - Frei
Voda to sell 3% stake in Indus Towers to clear debt
The New Indian Express
|December 05, 2024
VODAFONE, the parent company of Vodafone Idea Limited, announced on Wednesday that it will sell 3% stake in Indus Towers to clear its debt of $101 million (about ₹856 crore).
-
The residual amount will be used to pay outstanding dues of its Indian venture, Vodafone Idea.
Following this transaction, Vodafone's stake in Indus Towers will fall below 1%.
Prior to this, Vodafone held 82.5 million shares, representing a 3.1% stake in Indus Towers.
In June, Vodafone sold an 18% stake in Indus Towers for nearly ₹15,300 crore.
Diese Geschichte stammt aus der December 05, 2024-Ausgabe von The New Indian Express.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON The New Indian Express
The New Indian Express
Govt job for every family: Tejashwi raises poll pitch
Cong releases 42-page 'chargesheet' against 20 years of NDA rule, 'Everything is positive', says BJP leader after meeting Chirag in Delhi
1 mins
October 10, 2025
The New Indian Express
A NOBEL WIN INDIA MUST TAKE NOTE OF
THE 2025 Nobel Prize in physiology or medicine could not have come ata more relevant time for India.
1 mins
October 10, 2025
The New Indian Express
Good day at office for De Klerk
No 8 batter's unbeaten 84 off 54 overshadows Richa's 94 as South Africa beat hosts India
3 mins
October 10, 2025
The New Indian Express
TCS TAKES ₹1,135 CR HIT ON LAYOFFS, RESTRUCTURING IN Q2
For cos like TCS, situation gets worse with US tariff, visa fee hike
1 mins
October 10, 2025
The New Indian Express
APPLE'S IPHONE SHIPMENTS RISE ACROSS KEY REGIONS IN Q2
APPLE’S iPhone shipments saw impressive global growth in Q2 2025, driven by strong performances in key markets like the US and India, while facing some challenges in China.
1 min
October 10, 2025
The New Indian Express
OFF THE BEATEN PATH
The new Mahindra Thar comes with a healthy dose of updates and features at better price points
2 mins
October 10, 2025
The New Indian Express
Two decades of toil & resilience: Tahuhu's tale
WHEN Lea Tahuhu landed in India for the first time with the White Ferns, it was for the 2013 ODI World Cup. Back then, the New Zealander was a tearaway quick who hit the pitch hard and rattled batting line-ups.
2 mins
October 10, 2025
The New Indian Express
Autonomy debate rages after IIM director quits
THE resignation of ITM Raipur Director, Prof. Ram Kumar Kakani, highlights the inconsistencies between the IIM Act and the institute’s HR policies, which some academics acknowledge have persisted for years and are seen as a key reason behind his decision to step down.
1 min
October 10, 2025
The New Indian Express
Amid allies' bargain, NDA seats deal likely by Oct 13
THE BJP has shortlisted candidates for the Bihar Assembly elections for seats falling under its quota, sources in the party said on Thursday.
2 mins
October 10, 2025
The New Indian Express
PAINTING A LARGER PICTURE
We explore Chennai through an artistic lens, tracing the major changes over the last two decades
6 mins
October 10, 2025
Listen
Translate
Change font size