Get Vodafone Group May Sell Small Stake In Indus Towers To Inject Capital Into Vi - vodafoneverao.com

Selling its 42% stake through a share swap would raise bharti infratel's (otc:bhryy) holdings to 84%, the report says.

Get Vodafone Group May Sell Small Stake In Indus Towers To Inject Capital Into Vi - vodafoneverao.com. Vodafone (vod +0.2%) is in final stages of talks to sell out its minority stake in indus towers for some $5b in value, the economic times reports. Vodafone group plc is considering selling a small portion of its 28.12% stake in indus towers to inject capital into its ailing indian telecom joint venture, vodafone idea (vi).

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The option to sell idea's 11.15 percent stake in indus towers to bharti infratel for approximately €0.8 billion in cash (based on furthermore, the company informed idea's equity raise of 0.8 billion euro in january 2018, which vodafone group will match at the time the merger closes. Vodafone group plc is considering selling a small portion of its 28.12% stake in indus towers to inject capital into its ailing indian telecom joint venture, vodafone idea (vi). Voda may sell small stake in indus towers.

Vodafone may sell part of indus stake to fund vodafone idea.

While vodafone group's entire funding will be considered as foreign investment in the rights issue, aditya birla group may also route funds. To further strengthen its india business, vodafone group plc is considering selling a small portion of its 28.12% stake in indus towers to inject capital into its tottering telecom joint venture, vodafone idea (vi). Vodafone group plc is considering selling a small portion of its 28.12% stake in indus towers to inject capital into its ailing indian telecom joint venture, vodafone idea (vi). Hello friends, as you all know that vodafone idea board has given approval for right issue.