Vodafone Group Plc to exit Indus Towers by selling residual 3 per cent stake in company

Vodafone Group Plc is exiting Indus Towers by selling its residual 3 per cent stake in the company. At the current market prices, the holding is valued at ₹2,841 crore.

The British telco said that proceeds from the sale would be used to clear its debt of $101 million, or about ₹856 crore.