Vodafone Group Plc to offload Indus Towers stake via Rs 2,700 crore block trade at a slight discount

Vodafone Plc has announced its plan to sell the remaining stake in Indus Towers, worth 3 percent of Indus Towers' stake, or 7.9 crore shares, and use the funds towards repayment of approximately $101 million in settling outstanding dues.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Vodafone Group Plc will be completing its exiting from Indus Towers through a Rs 2,700 crore block trade at a price of Rs 343-358 per share, offering up to 4% discount, informed sources told CNBC-Awaaz on December 4.

Kotak and BofA are learnt to be the brokers for the share sale by Vodafone Group Plc's units Omega Telecom and Usha Martin Telematics. Bharti Airtel, the other promoter entity holds 50% in the company.

CNBC-TV18 quoted sources who mentioned the block size in the range of Rs 2,716.9-2,835.8 crore for the clean up trade.

Shares of Indus Towers ended the day higher by 1.5%, while shares of Vodafone Idea spurted in the late hour of trade on December 4, ending the day with gains of 4.26%. Still, on a YTD basis, shares of Voda Idea are down by 50%. FIIs hold 24.2% stake in the company as of September 30.

Vodafone Group Plc has announced its plan to sell the remaining stake in Indus Towers, worth 3 percent of Indus Towers' stake, or 7.92 crore shares, and use the funds towards repayment of approximately $101 million in settling outstanding dues. Any residual proceeds from the share sale will be intended for Vodafone Idea's outstanding Master Services Agreement (MSA) dues to Indus Towers.

In June, Vodafone had pared down 18 percent stake in Indus Towers for Rs 15,300 crore, bringing down its shareholding to 3 percent, held through two units - Omega Telecom and Usha Martin Tele. This stake sale was part of Voda Group Plc CEO Margherita Della Valle’s efforts to reduce exposure to underperforming markets.

The year has seen large numbers multi-national companies tap the stock market boom to offload stakes in local units, a trend that has resulted in a record $25 billion worth of secondary market share sales.

India Inc is spending almost half of the capital raised through qualified institutional placements (QIPs) in 2024 to reduce debt and make balance sheets lean, with capital expenditure and inorganic growth initiatives emerging as the next major focus areas for fundraising.