Vodafone Idea is expecting the sale of its 11.15 percent stake in Indus Tower to complete in the next three-four months which could yield an estimated Rs 5,500 crore. Under a contract signed with Bharti Infratel in April 2018, the company has an option to sell the 11.15 percent stake in Indus Tower for cash ahead of the merger of the country's largest mobile tower firm with the Bharti group firm.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
