Vodafone said on Wednesday that it was selling its remaining 3% stake in India’s Indus Towers.
Source: Sharecast
The telecoms company launched a placing of its remaining 79.2m shares in Indus through an accelerated book build offering.
Vodafone said the proceeds will be used to repay outstanding borrowings of around $101m to its existing lenders, secured against its Indian assets.
The company had already sold an 18% stake in Indus Towers in June, raising $1.82bn.
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.