REG - Vodafone Group Plc - Vodafone sells 18.0% stake in Indus Towers

VodafoneAnnouncement

19/06/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240619:nRSS0223Ta&default-theme=true

RNS Number : 0223T  Vodafone Group Plc  19 June 2024

19 June 2024

 Vodafone sells 18.0% stake in Indus Towers

 

Vodafone Group Plc ("Vodafone") announces that it has sold 484.7 million
shares in Indus Towers Limited ("Indus"), representing 18.0% of Indus' share
capital through an accelerated book-build offering ("Placing").

 

The Placing raised INR 153.0 billion (€1.7 billion) in gross proceeds which
will be used to substantially repay Vodafone's existing lenders in relation to
the outstanding bank borrowings of €1.8 billion secured against Vodafone's
Indian assets.

 

Following the Placing, Vodafone holds 82.5 million shares in Indus, equivalent
to a 3.1% shareholding.

 

- ends -

 

 

 For more information, please contact:
 Investor Relations:  i (https://investors.vodafone.com) nvestors.vodafone.com  ir@vodafone.co.uk (mailto:ir@vodafone.co.uk)  Media Relations:  Vodafone.com/media/contact (https://Vodafone.com/media/contact)  GroupMedia@vodafone.com (mailto:GroupMedia@vodafone.com)
                      (https://investors.vodafone.com)
 Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14
 2FN, England. Registered in England No. 1833679

About Vodafone

 

Vodafone is a leading European and African telecoms company. We provide mobile
and fixed services to over 330 million customers in 15 countries (excludes
Italy which is held as a discontinued operation under Vodafone Group), partner
with mobile networks in 45 more and have one of the world's largest IoT
platforms. In Africa, our financial technology businesses serve almost 79
million customers across seven countries - managing more transactions than any
other provider.

 

Our purpose is to connect for a better future by using technology to improve
lives, businesses and help progress inclusive sustainable societies. We are
committed to reducing our environmental impact to reach net zero emissions by
2040.

 

For more information, please visit www.vodafone.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.vodafone.com%2F&data=05%7C02%7Cjess.parker%40vodafone.com%7C04d38c0cfc864e0eb15908dc8ac45c0e%7C68283f3b84874c86adb3a5228f18b893%7C0%7C0%7C638537823210846510%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=2iJHt0ta0YXboWC1ybo6mMjRLWHkjZoXzeMTCAwWKf0%3D&reserved=0)
, follow us on X at @VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fvodafone&data=05%7C02%7Cjess.parker%40vodafone.com%7C04d38c0cfc864e0eb15908dc8ac45c0e%7C68283f3b84874c86adb3a5228f18b893%7C0%7C0%7C638537823210864935%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=O73KqgokmgapZyo%2BdiWtzBDtSmamjbGPbX2XuMZ84U8%3D&reserved=0)
.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DISFLMATMTABMLI