Vodafone Idea Ltd (VIL) has decided to cash out by selling its 11.15% stake in Indus Towers for over Rs 4,000 crore even as Bharti Infratel decided to go ahead with the closure of its mega towers merger with Indus. Bharti Infratel said the likely ownership structure of the merged towers entity is based on “cash consideration chosen by VIL for its 11.15% shareholding in Indus — based on an agreed formula – and on today’s calculation, the cash consideration comes to approximatel.
Indus-Infratel go ahead with merger; Voda Idea to sell 11.15% Indus stake for Rs 4,000 crore
Date posted: Wednesday 2 September 2020