Contrary to reports, Bharti Airtel has denied any intention to raise its stake in Indus Towers beyond financial consolidation needs. The telecom giant clarified that any stake increase would comply with disclosure requirements. Speculation arose after reports suggested Airtel’s interest in purchasing Vodafone Group’s 21.05% stake in Indus. However, Airtel seeks a lower valuation than market estimates. Meanwhile, Vodafone Idea’s CEO affirmed that proceeds from a recent public offer wouldn’t settle dues with Indus Towers, signaling plans to address vendor dues from operational cash flows. Despite Vi’s significant debts to Indus, it has started repayment, positively impacting Indus Towers’ financials.
Bharti Airtel Denies Plans to Increase Stake in Indus Towers
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