Vodafone sells its last 3% stake in Indus Towers to pay off debt and support Vodafone Idea.

Vodafone PLC is selling its remaining 3% stake in Indus Towers to pay off $101 million in debt to lenders. The proceeds will first go towards repaying the debt, with any leftover funds contributing to new equity shares in Vodafone Idea (Vi) and securing Vi's obligations under Master Services Agreements. After the sale, Vodafone will no longer hold any shares in Indus Towers.

December 04, 2024
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