ATC Telecom Infrastructure Pvt Ltd sold its entire 2.87 percent stake in telecom operator Vodafone Idea for Rs1,840 crore through an open market transaction.

Economy Business

ATC Telecom Infrastructure Pvt Ltd sold its entire 2.87 percent stake in telecom operator Vodafone Idea for Rs1,840 crore through an open market transaction. According to the bulk deal data available on the National Stock Exchange (NSE), ATC Telecom Infrastructure Pvt Ltd sold a total of 144 crore shares, representing a 2.87 percent stake in Vodafone Idea (VIL). The shares were disposed of at an average price of Rs12.78 apiece, taking the deal size to Rs1,840.32 crore. However, Citigroup Global Markets Mauritius offloaded 98.74 lakh shares of VIL at an average price of Rs13.47 per piece. This took the deal size to Rs13.30 crore.


      American Tower Corporation (ATC) Telecom Infrastructure is one of the largest infrastructure service providers for Vodafone Idea.

      ATC Telecom Infrastructure held a 2.87 percent stake in VI as it has recently converted debentures into equities.

     

 

     


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