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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 353.3 INR | +0.47% |
|
+0.54% | +77.49% |
| Apr. 24 | Airtel Says Not in Talks to Buy Vodafone UK's Indus Towers Stake | CI |
| Apr. 24 | Bharti Airtel in Talks to Acquire 21% Indus Towers Stake from UK's Vodafone | MT |
Bharti Infratel Ltd will go ahead with its long-delayed merger with Indus Towers, the telecom infrastructure firm said on Tuesday.
Infratel will be a majority shareholder in the merged entity with a likely stake of 68.6%, while London-listed Vodafone Group Plc will hold 28.2%, the company said in a regulatory filing.
Vodafone Idea Ltd will cash out its 11.15% stake for an approximated 40 billion rupees ($546.05 million), Infratel said.
Bharti Infratel had announced the deal with Indus Towers in 2018 to form a $14.6-billion telecom tower giant.
(Reporting by Chris Thomas in Bengaluru; editing by Uttaresh.V)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 8,142 PTS | +0.78% | +3.09% | - | ||
| 69.46 GBX | +0.67% | +3.70% | 23.35B | ||
| 14 INR | +0.72% | +8.53% | 11.09B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| +77.49% | 11.37B | |
| -12.58% | 10B | |
| -17.02% | 2.98B | |
| +11.88% | 2.81B | |
| -11.24% | 2.59B | |
| -17.68% | 2.5B | |
| +0.65% | 2.24B | |
| -6.68% | 1.89B | |
| -7.20% | 1.25B | |
| -9.95% | 484M |
INDUS TOWERS LIMITED 
