While Indus Towers has released a pledge on a significant portion of Vodafone's stake, enabling an 18% sale, it retains a secondary pledge on the remaining 3.06%. This move stems from a security agreement established during the merger of Bharti Infratel and Indus Towers, wherein Vodafone's stake served as collateral for a $1.4 billion loan taken in 2019 to finance participation in Vodafone Idea's rights issue.
from Stocks-Markets-Economic Times https://ift.tt/28uxYFA
Indus Towers releases pledge to enable UK’s Vodafone to sell 18% stake in tower company
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