Britain’s Vodafone is looking to sell its entire 28.1% stake in Indus Towers Ltd, India’s largest cell tower firm, the telecom group said on Wednesday.
Vodafone has launched an initial sale of 63.6 million Indus shares and said it was in talks with various parties regarding the sale of its remaining shares.
The company’s total stake of 757.8 million shares was worth roughly 190.7 billion rupees ($2.56 billion) as of Friday close, according to Reuters calculations.
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