Vodafone sell Indus Towers stake worth $2.3 billion via block deals : Report, Big moments in stock price!

Vodafone's 21.5% stake in indus tower worth $2.3 billion. Vodafone to sell entire stake worth $2.3 billion in mobile tower operator indus tower could be this via block deal in next week ! Reports on 14 June

The report also said that the deal is less than the entire stake that is held by company in case their demand is not satisfactory or weak.

Resion of this deal !

Everyone knows that this time is very fast internet connectivity all over the world not even in India. That's for Vodafone idea wants to 5G rollout and 4G plans for it company looking to raise our corpus.

Who will manage this deal!

For manage this block deal Vodafone has hired bank of America, Morgan Stanley and BNP Paribas to manage the stake and sell in Indian stock market, By report 

Effect on Stock price!

We can see in chart of Vodafone on 14 June after this report in stock price of Vodafone idea shown 4.5 % jump. it's good news for investors and trader. 

About Indus Towers ?

Indus tower is one of the world's largest tower company, in India its second telecom firm, it has nearly 225,000 towers, service and power source and equipment.