24 June 2024 Punjab Khabarnama : Bharti Airtel is talks with Vodafone Plc to buy 3 percent stake in telecom towers company Indus Towers, reported CNBC TV18, citing unidentified sources. Bharti Airtel stock was little changed. It was trading at Rs 1,414.3, marginally down from the previous close.
Earlier, last week, Bharti Airtel had bought 1 percent additional stake in Indus Towers, whereas Vodafone group had sold stake in block deals that saw 20 percent equity in the company change hands.
Post the additional stake acquisition, Bhari Airtel plans to merge Indus Towers with its data centre business Nxtra, which would give exit to the private equity investor Carlyle, reported CNBC TV18.