23.2 C
State of Tripura
Monday, April 21, 2025

Gomati and Ganganagar Block Set New Benchmarks in Governance

Gomati District and Ganganagar Block of Tripura...

CM Dr. Saha: Traditional Dances Like Hojagiri and Garia Will Be Preserved

CM Dr. Saha reaffirms the state government’s...

PM Modi: From Aspirational Districts to Global Leadership

PM Modi urges civil servants to shape...

Vodafone sells 18% stake in Indus Towers for 1.7 billion euros

Tripura Net
Tripura Net
www.tripuranet.com is a daily news, news article, feature, public opinion, articles, photographs, videos etc –all in digital format- based website meant to disseminate unbiased information as far possible as accurate.

Must Read

Mumbai: British telecom company Vodafone announced on Wednesday that it has sold an 18 percent stake in Indus Towers for 1.7 billion euros (approximately Rs 15,300 crore), reported media.

Vodafone Group Plc…sold 484.7 million shares in Indus Towers Limited, representing 18 percent of Indus share capital through an accelerated book-build offering.

The placing raised Rs 15,300 crore (1.7 billion euro) in gross proceeds which will be used to substantially repay Vodafones existing lenders in relation to the outstanding bank borrowings of 1.8 billion euro secured against Vodafones Indian assets, Vodafone said in a note, reported PTI.

The majority of the proceeds will be used to repay 1.8 billion euros of outstanding bank loans secured against Vodafones assets in India.

After the transaction, Vodafone retains 82.5 million shares, or a 3.1 percent stake, in Indus Towers.

- Advertisement -
spot_img
spot_img
spot_img
spot_img

Latest News

Gomati and Ganganagar Block Set New Benchmarks in Governance

Gomati District and Ganganagar Block of Tripura have won the PM Excellence Award 2024 for Holistic Development. CM Manik...

More Articles Like This

- Advertisement -