Vodafone may sell 5% stake in Indus Towers to Bharti Airtel for 3,300 crore

Bharti Airtel's parent Bharti Enterprises is Indus' largest shareholder, according to Refinitiv data.

British telecom giant Vodafone is in discussions to sell around five per cent stake in Indus Towers to Bharti Airtel, according to industry sources. The stake is estimated to be valued at over Rs 3,300 crore, and the proceeds will be pumped into the Indian entity Vodafone Idea, PTI reported.

Though Vodafone did not confirm the stake sale to Airtel, the British firm confirmed on Wednesday that it is in talks to sell an initial 4.7 per cent stake and is looking to eventually sell its entire 28.1 per cent stake in Indus Towers, India’s largest cell tower firm.

Bharti Airtel’s parent