Airtel won't oppose Vodafone's bid to sell Indus stake to external buyer

Airtel won't oppose Vodafone's bid to sell Indus stake to external buyer https://ift.tt/YRJ0iez Vodafone Group and India's Aditya Birla Group are facing increasing pressure from the government and lenders to infuse equity into Vodafone Idea-their cash-strapped telecom joint venture-to shore up external investor confidence. One of the avenues available to the British telco is selling its remaining or part of the 21.05% stake in Indus and injecting the proceeds into Vi. Bharti Airtel owns 47.95% in Indus.