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Current Affairs - 2022
Who is to acquire 4.7% stake of Vodafone in Indus Towers?
A)
Jio
B)
Bharti Airtel
C)
Turkcell
D)
Türk Telekom

Correct Answer :   Bharti Airtel


Bharti Airtel has decided to acquire an additional 4.7% stake in Indus Towers from Vodafone Group, the company announced on Friday. The two companies signed an agreement on the condition that Vodafone will use the proceeds to invest in Vodafone Idea (Vi) and the latter will clear its pending dues with Indus Towers.
 
“The said acquisition purchase would be at an attractive price representing a significant discount typically available for such large block transactions. In addition, Airtel is also protected with a capped price, which is lower than the price for the block of Indus shares sold by Vodafone on February 24. This shall be value accretive to Airtel and protect its existing significant shareholding in Indus Towers,” the company said.

Source : Business Standard

Published On : February 26, 2022
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