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.

Indus Tower slips 14% after 3% equity changes hands on NSE and BSE

04:49am, Thursday, 24'th Feb 2022 Business Standard
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 to sell partial stake in Indus Towers

03:51am, Thursday, 24'th Feb 2022 Business Standard
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.

Stocks that will see action on February 24, 2022

03:06am, Thursday, 24'th Feb 2022 The Hindu BusinessLine
Buzzing stocks: Vodafone, Indus Tower, Wipro, Sanofi India, PNC Infratech
Indiabulls Housing Finance, Vodafone Idea and Punjab National Bank are under the F&O ban for 24 February. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit
The domestic equity benchmarks ended with modest losses on Wednesday, February 23, 2022, extending declines for the sixth session in a row. Get more Markets News and Business News on Zee Business.
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 cons

Voda may sell stake in tower co to support struggling Vi

01:23am, Thursday, 24'th Feb 2022 The Times of India
India Business News: NEW DELHI: Looking to raise resources to fund the revival of beleaguered Vodafone Idea (Vi), British telecom giant Vodafone on Wednesday said it plans.

Telcos use alternative sources for power in Chandigarh outage

08:54pm, Wednesday, 23'rd Feb 2022 Business Standard
Cellular Operators'' Association of India (COAI) is an apex body of telecom operators, and its members include Bharti Airtel, Reliance Jio and Vodafone Idea.

Vodafone may sell 5% stake in Indus Towers to Bharti Airtel for 3,300 crore

08:18pm, Wednesday, 23'rd Feb 2022 Business Standard
Bharti Airtel''s parent Bharti Enterprises is Indus'' largest shareholder, according to Refinitiv data.

Rio Tinto Faces Headwinds Despite Record-Breaking Profits

06:30pm, Wednesday, 23'rd Feb 2022 OilPrice com
Rio Tinto has paid out a monster $16.8bn (£12.4bn) dividend to shareholders, the second biggest in the history of the FTSE 100, after it rebounded from the pandemic with record profits. In the company’s freshly released full-year results, the miner recorded a 116 percent boost in after-tax profits, rising to $21.1bn. It also unveiled a total dividend of $10.40 per share – representing a 79 percent pay-out. This is a record payout for the company, and the second biggest dividend in the history of the index, behind only Vodafone’s…

Hopeful Golden Cross Forms On Vodafone Group''s Chart

02:57pm, Wednesday, 23'rd Feb 2022 Benzinga
If history is any guide, there may be good fortune ahead for shares of Vodafone Group (NASDAQ: VOD ). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions. When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending Full story available on Benzinga.com
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