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CCI approves transfer of Indus Towers shares to Vodafone shareholders

December 06, 2017

The Competition Commission of India (CCI) has permitted the intra-group transfer of shares of Indus Towers to Vodafone India's shareholders from the telecom operator.

According to the CCI, the 12 equity shareholders of Vodafone India had jointly submitted a notice to the regulator seeking approval for the transfer.

As proposed, 42 per cent shares of Indus Towers will be transferred from the telecom operator to the Vodafone India shareholders, in proportion to their stake in the firm.

 
 

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