Vodafone Idea Ltd has sold its 11.15% stake in Indus for Rs. 37.6 billion

Vodafone Idea Limited ("the Company") has sold its 11.15% stake in Indus for a cash consideration of Rs. 37.6 billion in accordance with the terms of the agreement and out of the consideration received from Infratel, the Company has made a prepayment of Rs. 24 billion which will be adjusted in line with terms of the agreement.

Shares of Vodafone Idea Ltd was last trading in BSE at Rs.9.27 as compared to the previous close of Rs. 9.2. The total number of shares traded during the day was 61502235 in over 56503 trades.

The stock hit an intraday high of Rs. 9.59 and intraday low of 9.04. The net turnover during the day was Rs. 574475648.

Source : Equity Bulls

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