Airtel won't oppose Vodafone's bid to sell Indus stake to external buyer - Business News: Latest News & Videos about market and economy | Trendmergers

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Airtel won't oppose Vodafone's bid to sell Indus stake to external buyer

UK's Vodafone Group and India's Aditya Birla Group are facing increasing pressure from the government and lenders to infuse equity into Vodafone Idea-their cash-strapped telecom joint venture-to shore up external investor confidence. One of the avenues available to the British telco is selling its remaining or part of the 21.05% stake in Indus and injecting the proceeds into Vi. Bharti Airtel owns 47.95% in Indus.

from Industry-Economic Times
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