{"id":824203,"date":"2024-06-20T09:40:00","date_gmt":"2024-06-20T04:10:00","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=824203"},"modified":"2024-06-20T10:07:54","modified_gmt":"2024-06-20T04:37:54","slug":"bharti-airtel-acquires-1-additional-stake-in-indus-towers-as-vodafone-plc-sold-18-equity","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/20\/bharti-airtel-acquires-1-additional-stake-in-indus-towers-as-vodafone-plc-sold-18-equity\/","title":{"rendered":"Bharti Airtel acquires 1% additional stake in Indus Towers as Vodafone Plc sold 18% equity"},"content":{"rendered":"<p>Bharti Airtel on Wednesday bought around 1% stake in Indus Towers, by acquiring around 26.95 million shares, thus raising its stake to 48.95% from 47.95% it held earlier.<\/p>\n<p>The shares were acquired by Bharti as UK\u2019s Vodafone Plc sold an 18% stake in the tower firm for 1.7 billion euro (about Rs 15,300 crore). The shares were sold at Rs 310-341. <\/p>\n<p>UK\u2019s Vodafone, owned a 21.5% stake in the tower firm, and had initially planned to sell a 10% stake but strong investor demand promoted it to nearly double the sale size, sources said. Following the transaction, Vodafone\u2019s stake comes down to 3.1%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharti Airtel on Wednesday bought around 1% stake in Indus Towers, by acquiring around 26.95 million shares, thus raising its stake to 48.95% from 47.95% it held earlier. The shares were acquired by Bharti as UK\u2019s Vodafone Plc sold an 18% stake in the tower firm for 1.7 billion euro (about Rs 15,300 crore). The shares were sold at Rs 310-341. UK\u2019s Vodafone, owned a 21.5% stake in the tower firm, and had initially planned to sell a 10% stake but strong investor demand promoted it to nearly double the sale size, sources said. Following the transaction, Vodafone\u2019s stake comes [&hellip;]<\/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":[4,64,12],"tags":[],"class_list":["post-824203","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/824203","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=824203"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/824203\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=824203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=824203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=824203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}