{"id":823517,"date":"2024-06-19T08:55:53","date_gmt":"2024-06-19T03:25:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=823517"},"modified":"2024-06-19T09:04:15","modified_gmt":"2024-06-19T03:34:15","slug":"vodafone-to-offload-10-in-indus-towers-to-raise-up-to-rs-9000-crore","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/19\/vodafone-to-offload-10-in-indus-towers-to-raise-up-to-rs-9000-crore\/","title":{"rendered":"Vodafone to offload 10% in Indus Towers to raise up to Rs 9,000 crore"},"content":{"rendered":"<p>British telecom giant Vodafone Group Plc is selling 10 per cent stake in Indus Towers, a telecom tower firm, to raise up to Rs 9,000 crore via block deals on Wednesday. <\/p>\n<p>According to the terms of the transaction, the shares are being offered at a discount of 10 per cent to Tuesday&#8217;s closing price of Rs 344 a share. <\/p>\n<p>Shares are being offered at the rate of Rs 310-341 a share. The company&#8217;s total market valuation was Rs 92,679 crore as on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British telecom giant Vodafone Group Plc is selling 10 per cent stake in Indus Towers, a telecom tower firm, to raise up to Rs 9,000 crore via block deals on Wednesday. According to the terms of the transaction, the shares are being offered at a discount of 10 per cent to Tuesday&#8217;s closing price of Rs 344 a share. Shares are being offered at the rate of Rs 310-341 a share. The company&#8217;s total market valuation was Rs 92,679 crore as on Tuesday.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,4,35],"tags":[],"class_list":["post-823517","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-telecom-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/823517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=823517"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/823517\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=823517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=823517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=823517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}