Bharti Airtel shareholders ought to look-out too

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Deal Newbie
Jethro_Tull
|| June 14, 2024 || Reuters || https://www.reuters.com/markets/deals/vodafone-looks-sell-23-bln-stake-indias-indus-towers-sources-say-2024-06-14 ||

|| 𝐉𝐮𝐧𝐞 𝟏𝟖, 𝟐𝟎𝟐𝟒 || Reuters || https://www.reuters.com/markets/deals/vodafone-sell-10-stake-indias-indus-towers-up-11-bln-term-sheet-shows-2024-06-18 V̳o̳d̳a̳f̳o̳n̳e̳ t̳o̳ s̳e̳l̳l̳ 1̳0̳%̳ s̳t̳a̳k̳e̳ i̳n̳ I̳n̳d̳i̳a̳'̳s̳ I̳n̳d̳u̳s̳ T̳o̳w̳e̳r̳s̳ f̳o̳r̳ u̳p̳ t̳o̳ $̳1̳.̳1̳ b̳l̳n̳,̳ t̳e̳r̳m̳ s̳h̳e̳e̳t̳ s̳h̳o̳w̳s̳.

Almost half (the shares) of 𝐈𝐧𝐝𝐮𝐬 𝐓𝐨𝐰𝐞𝐫𝐬 (which has over two hundred thousand cell sites in India) 𝐢𝐬 𝐨𝐰𝐧𝐞𝐝 𝐛𝐲 𝐁𝐡𝐚𝐫𝐭𝐢 𝐀𝐢𝐫𝐭𝐞𝐥 𝐋𝐢𝐦𝐢𝐭𝐞𝐝.

Iif the ten percent being sold by Voda UK is valued even at USD one billion, it gives enough merit for Bharti Airtel to re-value its holdings at such levels.
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