MoneyWorks4Me

Vodafone Idea’s British parent in talks to sell 5% stake in Indus Towers to Bharti Airtel

24 Feb 2022 Evaluate

Vodafone Idea’s British parent -- Vodafone Group is in talks to sell around 5 per cent stake in Indus Towers valued at over Rs 3,300 crore to Bharti Airtel. The proceeds will be pumped into the Indian entity. Currently, Vodafone Group holds about 28 per cent in Indus Towers, while that of Bharti Airtel is close to 42 per cent.

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. 

Peers
Company Name CMP
Bharti Airtel 1830.00
Vodafone Idea 14.35
Indus Towers 380.20
Tata Communications 1747.95
Railtel Corp. India 251.95
View more..