Vodafone Plc to sell 9.94% stake in Indus Towers for ₹8,308-₹9,139 crore

Vodafone Plc will be selling 2.68 crore shares or 9.94 per cent stake of Indus Towers through block deals for a total value of ₹8,308-9,138.8 crore, according to the term sheet viewed by businessline. The block deal will be conducted on June 19.

The deal price is in the range of ₹310-341, a discount ranging from 1 to 10 per cent on the prevailing market price. The stock closed 1.7 per cent higher at ₹346.45 today on the NSE.