Voda to sell 10% stake in Indus for up to $1.1bn - Qoneqt
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    Rajesh AK in India

    19 Jun 05:09 AM


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    Voda to sell 10% stake in Indus for up to $1.1bn

    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. The sale will include approximately 268 million shares through block deals in Mumbai, pricing each share between 310 rupees and 341 rupees.