Ericsson India Private Limited has divested its approximately 0.6 per cent stake in Vodafone Idea Limited (Vi) through a bulk deal, raising Rs 4.28 billion. According to data from the National Stock Exchange (NSE), Ericsson India offloaded 633.7 million shares at a price of Rs 6.76 per share on Tuesday. However, the identities of the buyers remain undisclosed.
This transaction follows a similar move by Nokia Solutions and Networks India Private Limited in late April, when it sold its 0.95 per cent stake in Vi to prominent global investment firms, including Goldman Sachs. Nokia raised Rs 7.85 billion by selling 1.02 billion shares at Rs 7.65 apiece.
