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Indus Towers shares end 18% lower as Vodafone plans to sell stake
short by Subhangi Singh / on Thursday, 24 February, 2022
Shares of Indus Towers ended over 18% lower on Thursday after Vodafone announced that it'd sell 2.4% stake in the company through a block deal to Bharti Airtel, who's also a promoter. The stake is reportedly estimated to be valued at over ₹3,300 crore. Bharti Airtel holds close to 42% stake in Indus Towers while Vodafone holds about 28% stake.
read more at Moneycontrol