Vodafone is offloading 3 per cent stake, or 79.2 million shares, in Indus Towers -- held by Omega Telecom Holdings Private Limited (2.26 per cent) and Usha Martin Telematics (0.74 per cent), through an accelerated book build offering.

Vodafone PLC will sell its remaining 3% stake in Indus Towers to repay Vodafone Idea's debt. The proceeds may also be used to invest in Vi's new equity issue. This news boosted shares of both Vodafone Idea and Indus Towers.

British telecom company Vodafone will sell 3 per cent stake in Indus Towers to clear its debt of $101 million or about Rs 856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea.

Vodafone Group will sell its remaining 3% stake in Indian telecom infrastructure developer Indus Towers, the British telecom group said on Wednesday. The British firm said it has launched a placing of its remaining 79.

Vodafone Group Plc is to sell its remaining stake in India’s Indus Towers Ltd. after offloading $1.8 billion worth of shares in June.

Vodafone Group is seeking to raise as much as $335 million from the sale of its remaining stake in India's Indus Towers. Why it matters: India's soaring stock market has prompted international companies invested in domestic businesses to cash out of positions and lock in gains.

Earlier, the UK-based telecom operator Vodafone PLC announced to sell its remaining 3% stake in Indus Towers to repay debt in Vodafone Idea (Vi).