Trade Now

Capital at risk Advertisement
Name Symbol Market Type
Vodafone Group PLC NASDAQ:VOD NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.11 -0.74% 14.73 14.66 14.89 14.74 14.61 14.68 3,581,330 21:05:46

Vodafone to Sell Part of Its Stake in Indus Towers

23/02/2022 11:50am

Dow Jones News

Vodafone (NASDAQ:VOD)
Historical Stock Chart

From Feb 2022 to Aug 2022

Click Here for more Vodafone Charts.

By Michael Susin


Vodafone Group PLC said Wednesday that it is in talks to sell part of its shares in Indian telecom infrastructure company Indus Towers Ltd., without providing financial details on the matter.

The U.K.-based telecommunications company--which currently owns 757.8 million shares in Indus Towers, or 28.1% of its issued share capital--said it will place 63.6 million shares, or 2.4% of Indus Towers, through an accelerated book build offering.

The company added that it is also in advanced talks with one of Indus Towers' largest shareholders for the sale of 127.1 million shares, representing 4.7%.

Upon completion of the placing and sale, Vodafone would own 567.2 million shares, or 21%, in Indus Towers. However, the company added that it is in talks to sell its remaining shareholding.

Shares at 1105 GMT were up 0.72 pence, or 0.5%, at 137.18 pence.


Write to Michael Susin at


(END) Dow Jones Newswires

February 23, 2022 06:35 ET (11:35 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Vodafone Chart

1 Year Vodafone Chart

1 Month Vodafone Chart

1 Month Vodafone Chart
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220815 21:06:58