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ATC Telecom Infra exits Vodafone Idea, sells entire stake for Rs 1,840 cr

ATC Telecom Infra exits Vodafone Idea, sells entire stake for Rs 1,840 cr
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United States , India New Delhi , Atc Telecom Infra , Telecom Infrastructure , American Tower Corporation , Vodafone Idea , Tower Corporation , Last Updated ,

ATC Telecom Infra: ATC Telecom Infra sells 2.8% stake in Voda Idea for ₹1,840 crore

ATC Telecom Infrastructure sold a 2.8% stake to Vodafone Idea, worth ₹1,840 crore, in an open market transaction. Citigroup Global bought shares worth ₹611 crore, with other buyers remaining unknown. Last month, ATC converted debentures allotted by Vodafone Idea into equity, and in January 2024, Canada s Brookfield acquired ATC s India unit in a $2.5 billion deal. Vi recently raised ₹18,000 crore through a follow-on public offer, priced at ₹10-11 per share. ....

Vodafone Plc , Atc Telecom Infrastructure , Aditya Birla Group Idea Cellular , Vodafone Idea , Aditya Birla Group , Idea Cellular , Atc Telecom Infra , Citigroup Global ,