Vodafone lenders approve merger of Indus Towers with Bharti Infratel
Shortpedia
Content Team
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British telecom major Vodafone Group said it has received an approval from its lenders, who contributed in funding for Vodafone Idea, to proceed with the merger of Indus Towers with Bharti Infratel. Vodafone Idea holds 11.15% stake in Indus Towers, which is estimated to be valued at around Rs 4,000 crore. Vodafone Group Plc had announced on September 1, 2020 that it had agreed to proceed with the merger.
