Vodafone Group Stock News

The deal is conditional upon Vodafone infusing fresh equity in Vodafone Idea and simultaneously remitted to Indus Towers to clear VIL’s outstanding dues, Airtel said in a statement.

Bharti Airtel agrees to buy Vodafone''s 4.7 per cent stake in Indus Towers, with a condition.

Vodafone Plc, which owned 28.1% stake in Indus Towers, has announced its intent to sell entire stake in Indus Towers

UK’s Vodafone Group Plc raised around Rs 1,443 crore by selling a 2.4% stake in Indus Towers through a block deal to unnamed investors on Thursday.Vodafone sold 63.6 million shares held by unit Euro Pacific Securities at Rs 226.84 a share, bulk deal data released late Thursday night on the NSE showed. After the block deal, Vodafone UK’s stake in the telecom tower company reduced to 25.7%.The British telco, which held a 28.1% stake in Indus, said on Wednesday that it would sell a 2.4% stake on Thursday through a block deal and was also in talks with one of the tower firm''s largest shareholders to sell another 4.7%. People aware of the matter told ET that Bharti Airtel was this shareholder.The UK company has also said it was in talks with “several interested parties” to sell its balance stake in the tower company.Vodafone said the cash it raised via these stake sales would be infused in loss-making Vodafone Idea (Vi). The UK company and India’s Aditya Birla Group wish to subscribe to an issue of equity shares by Vi in their capacity as co-promoters.Shares of Indus Towers crashed more than 18% to Rs 205.75 on the BSE Thursday.

Vodafone Idea Limited (VIL), one of the India''s leading telecom operator, has announced its collaboration with A5G Networks Inc to enable industry 4.

Vodafone cautioned the terms of a deal to offload its Indus Towers stake are being worked out, with no certainty it will close.

On Wednesday, Vodafone Group Plc said it plans to sell 2.4% of its stake in Indus through a block deal on Thursday, and is also in talks with one of the tower company’s largest shareholders to sell another 4.7%. The UK company further said that it was in talks with ''''several interested parties'''' to also sell its residual (read: 21%) stake in the tower company.

By Paul Sandle and Kate Holton LONDON (Reuters) – Vodafone boss Nick Read believes competition regulators have eased their opposition to takeovers; all that remains is to test the theory by triggering a deal that could lead to a wave of European consolidation and appease long-suffering investors.

Vodafone boss Nick Read believes competition regulators have eased their opposition to takeovers; all that remains is to test the theory by triggering a deal that could lead to a wave of European consolidation and appease long-suffering investors.

Vodafone was in discussions to sell around a 5 percent stake in Indus Towers to Bharti Airtel, according to a PTI report. The stake is estimated to be valued at over Rs 3,300 crore, and the proceeds will be pumped into the Indian entity Vodafone Idea, the report said

Shares of Indus Towers Ltd fell as much as 14 percent on Thursday after British telecom giant Vodafone Plc announced on Wednesday that it would sell a 2.4 percent stake in Indus Towers via a block deal to telecom major Bharti Airtel.

A combined 74.4 million equity shares had changed hands on the bourses till 9:52 AM. According to reports, British telecom giant Vodafone was in discussions to sell around 5% stake in Indus Towers

The fraudster told the complainant, “If you do not update your KYC documents, we will block your card and we will not be responsible for it.”

Vodafone announces that it has launched a placing of 63.6 million Primary Shares in Indus through an accelerated book build offering (the "Placing"). This represents 2.4% of Indus'' outstanding share capital.

The domestic stock indices are likely to trade in red on Thursday, taking cues from their global peers.