Reported 8 months ago
Vodafone Group Plc subsidiaries raised about $1.8 billion by selling shares in India’s Indus Towers Ltd. The companies sold 484.7 million shares at 311.4 rupees each, representing an 18% stake in Indus Towers. This significant sale, part of a series of block trades in the Indian market, indicates demand for Indian paper and available liquidity for such transactions, facilitating easier investor exits.
Source: YAHOO