New Delhi: Vodafone Idea is likely to mop up about ₹20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets, sources said. "Vodafone Idea has received combined valuation of around ₹20,000 crore for mobile towers and optical fibre assets that it is planning to sell. The company had earlier announced its plan to sell 11.15 per cent stake held by the Aditya Birla Group in Indus Towers as well as 1.56 lakh kilometers of optical fibre assets. We have not given any guidance on monetisable value," a Vodafone Idea spokesperson said. The company is also planning to raise ₹25,000 crore through a rights issue to fund its capital expenditure and pare debt.

Source: Mint February 17, 2019 11:03 UTC