British telecom major Vodafone rings in Rs 28,500 crore bulk deal day

British telecommunications giant Vodafone Plc sold 484.7 million shares, representing an 18 per cent stake, in tower management company Indus Towers through block deals on Wednesday, raising Rs 15,300 crore.

This marked the largest transaction among domestic markets, which saw block deals totalling Rs 28,500 crore ($3.4 billion) on the same day.

Other prominent deals included Wabco Asia’s sale of Rs 2,194 crore (7.51 per cent stake) in multinational firm ZF Commercial Vehicle Control Systems India (formerly Wabco India), and Fosun Pharma’s 6 per cent equity stake sale in Gland Pharma for Rs 1,754 crore.