STOCKWATCH

Vodafone Group Plc Completes Indus Towers Stake Sale, Increases Vi Shareholding

Vodafone Group Plc has successfully completed the placing of its remaining 79.2 million shares in Indus Towers Limited, raising INR 28.0 billion. Of this, INR 8.9 billion has been used to repay outstanding borrowings and settle transaction fees, while residual proceeds of INR 19.1 billion have been used to acquire 1.7 billion equity shares in Vodafone Idea Limited through a preferential allotment of shares, increasing Vodafone's shareholding in Vi to 24.39%. Vi has used the proceeds from this Capital Raise to pay outstanding Master Service Agreement dues to Indus, thereby satisfying Vodafone’s obligations under the Security Arrangements in full.

• Vodafone Group Plc completes the placing of its remaining 79.2 million shares in Indus Towers Limited, raising INR 28.0 billion.
• INR 8.9 billion has been used to repay outstanding borrowings and settle transaction fees.
• INR 19.1 billion has been used to acquire 1.7 billion equity shares in Vodafone Idea Limited, increasing Vodafone's shareholding in Vi to 24.39%.
• Vi has used the proceeds from this Capital Raise to pay outstanding Master Service Agreement dues to Indus.
• Vodafone’s obligations under the Security Arrangements have been satisfied in full.