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Shares of Bharti Airtel were trading with gains of 0.42 per cent as of 10:30 am while Indus Towers' shares were down 1.63 per cent. At the same time, Vodafone Idea was trading with losses of nearly 5 per cent, even as the benchmark indices were up 0.45 per cent.
Bharti Airtel is in talks to buy UK-based Vodafone Group's 21.05% stake in Indus Towers, potentially giving the Indian telecom operator a controlling stake, the Economic Times newspaper reported on...
Airtel is the biggest shareholder in Indus Towers, with a 47.95 percent stake. If it acquires Vodafone stake, Airtel's shareholding in the tower company will climb to 69 percent
Bharti Airtel denies plans to increase its stake in Indus Towers, contrary to reports. Airtel asserts its commitment to maintaining Indus's financial stability, crucial for its telecom infrastructure. Speculations of Airtel acquiring Vodafone's stake could potentially grant it control, though Airtel refrains from such intentions.
Bharti Airtel on April 24 said it is not in talks to buy Vodafone UK's stake in Indus Towers, junking reports which said the telecom major was eyeing a controlling stake in the towers company