The tower company will repurchase 56.7 million equity shares at a price of Rs 465 per share, representing 2.107 per cent of its total outstanding shares
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The telecom company, which holds a 21.5 per cent stake in Indus Towers, is planning to use the proceeds from the sale to repay debt, according to a report by Reuters last week
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Vodafone plans to reduce its substantial net debt of USD 42.17 billion with the revenues from this stake sale
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