Vodafone: sale of stake in Indus Towers
The transaction, which took the form of a fast-track construction placement, enabled the operator to raise $330 million in funds, of which $105 million was used to meet debt repayment deadlines.
The remaining $225 million was used to acquire 1.7 billion shares in its Indian joint venture Vodafone Idea ('Vi'), increasing its stake in the company from 22.6% to 24.4%.
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