Vodafone Idea Limited’s equity stake in Indus Towers Limited (“Indus”)

Vodafone Idea Limited’s equity stake in Indus Towers Limited (“Indus”)

 

 

 

Further to our communication dated 24 April 2020 in relation to the merger of Indus (in which
the Company is holding 11.15% equity stake) with Bharti Infratel Limited (“Merger”), we hereby
wish to inform that the parties have agreed to further extend the extended Long Stop Date of
24 June 2020 to 31 August 2020, so as to complete the remaining conditions precedent
including the pre-closing adjustments.

The consummation of the Merger is subject to mutual agreement between the parties on the
pre-closing adjustments, and other conditions precedent for closing. Each party retains the
right to terminate and withdraw the merger scheme on or prior to 31 August 2020

 

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