Vodafone Idea settles Rs 1,910 crore dues to Indus Towers with fresh equity injection
Vodafone Idea has cleared Rs 1,910 crore of its old dues to Indus Towers with cash from new equity issued to Vodafone Group. This increased Vodafone Group's stake in Vodafone Idea to 24.39%. The funds raised were also used to repay outstanding borrowings. Vodafone's obligations to Indus under Security Arrangements are now fully satisfied.
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