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Vodafone Idea’s parent organization sells 18% stake in Indus Towers

20 Jun 2024 Evaluate

Vodafone Idea’s parent organization -- Vodafone Group Plc (Vodafone) has sold 484.7 million shares in Indus Towers (Indus), representing 18.0% of Indus' share capital through an accelerated book-build offering (Placing).

The Placing raised Rs 153.0 billion in gross proceeds which will be used to substantially repay Vodafone's existing lenders in relation to the outstanding bank borrowings of Euro 1.8 billion secured against Vodafone's Indian assets. Following the Placing, Vodafone holds 82.5 million shares in Indus, equivalent to a 3.1% shareholding.

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.

Vodafone Idea Share Price

14.26 -0.24 (-1.66%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1910.10
Vodafone Idea 14.26
Indus Towers 383.40
Tata Communications 1905.05
Bharti Hexacom 1453.60
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