Indus Towers slips 10% after huge block deal; Vodafone Group likely seller

Shares of Indus Towers slipped 10 per cent to Rs 311.40 on the National Stock Exchange (NSE) in Wednesday’s intra-day trade after the British telecom giant Vodafone Group likely to sold a 9.94 per cent stake in telecom tower firm via block deals today.

Till 10:59 am; a combined 776.39 million shares representing 28.8 per cent of total equity of Indus Towers have changed hands on the NSE (734.57 million shares) and BSE (41.82 million shares).