Earlier talks between the two parties got stuck over valuation differences but the latest discussions may yield results, said the people cited above. Vi accounts for 35-40% of the tower company's revenue.Indus shares ended 3.9% higher at ₹389.75 on the BSE Monday, giving it a market capitalisation of ₹1.05 lakh crore.At this level, Vodafone UK 's 3.1% stake will cost Airtel Rs 3,256.09 crore. "We expect Indus to recover its pending backlog from Vi. After Vi's debt raise, we now see a higher possibility of lump-sum backlog payments to Indus. This may potentially lead to dividend payment resumption in FY25," BofA Securities said in a note.Last month, Vi had dialled a State Bank of India-led banking consortium to raise Rs 23,000 crore debt via term loans and an additional Rs 10,000 crore in bank guarantees to build up funds for the capital expenditure required to compete effectively with bigger rivals Reliance Jio and Airtel.
