Vodafone (GB:VOD) has released an update.
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Vodafone has announced the sale of its 3% stake in Indus Towers through an accelerated book build offering. The proceeds will be used to repay Vodafone’s outstanding borrowings and potentially support a capital raise by Vodafone Idea Limited. This strategic move aims to strengthen Vodafone’s financial position and ensure obligations to Indus Towers are met.
For further insights into GB:VOD stock, check out TipRanks’ Stock Analysis page.
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