{"id":824620,"date":"2024-06-21T11:20:57","date_gmt":"2024-06-21T05:50:57","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=824620"},"modified":"2024-06-21T11:20:57","modified_gmt":"2024-06-21T05:50:57","slug":"vodafone-sells-18-per-cent-stake-in-indus-for-rs-15300-crore","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/21\/vodafone-sells-18-per-cent-stake-in-indus-for-rs-15300-crore\/","title":{"rendered":"Vodafone sells 18 per cent stake in Indus for Rs 15,300 crore"},"content":{"rendered":"<p>NEW DELHI: Vodafone Group PLC on Wednesday sold 484.7 million (48.47 crore) shares in Indus Towers Limited, representing 18% of the latter\u2019s share capital through an accelerated book-building offer. The placing raised Rs 15,300 crore (\u20ac1.7 billion) in gross proceeds which will be used by Vodafone to substantially repay its existing lenders in relation to the outstanding bank borrowings of \u20ac1.8 billion secured against Vodafone\u2019s Indian assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Vodafone Group PLC on Wednesday sold 484.7 million (48.47 crore) shares in Indus Towers Limited, representing 18% of the latter\u2019s share capital through an accelerated book-building offer. The placing raised Rs 15,300 crore (\u20ac1.7 billion) in gross proceeds which will be used by Vodafone to substantially repay its existing lenders in relation to the outstanding bank borrowings of \u20ac1.8 billion secured against Vodafone\u2019s Indian assets.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,76,17],"tags":[],"class_list":["post-824620","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/824620","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=824620"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/824620\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=824620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=824620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=824620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}