Vodafone UK Sells 18% Stake in Indus Towers for Rs 15,300 Crore
Vodafone Plc has sold an 18% stake in the Indian telecom infra company Indus Towers. In a release, the telecom giant said that it raised Rs 153 billion or Rs 15,300 crore in gross proceeds from the stake sale. The company has confirmed that it will use the raised funds to reduce the debt that it secured against the Vodafone Idea (Vi) assets. Vodafone said, "The Placing raised INR 153.0... Read More