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Nokia sells stake in Vi, raises Rs 785.67 crore

Summary by The Economic Times

Nokia Solutions and Networks India divested its 0.95% stake in Vodafone Idea (Vi) through a bulk deal, raising Rs 785.67 crore. Goldman Sachs (Singapore) Pte was a major buyer, acquiring a 0.55% stake. This sale follows Vi's allotment of shares to Nokia last year to clear dues, and the government's recent conversion of debt into equity, diluting Nokia's holding.

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The Economic Times

Nokia sells stake in Vi, raises Rs 785.67 crore

Nokia Solutions and Networks India divested its 0.95% stake in Vodafone Idea (Vi) through a bulk deal, raising Rs 785.67 crore. Goldman Sachs (Singapore) Pte was a major buyer, acquiring a 0.55% stake. This sale follows Vi's allotment of shares to Nokia last year to clear dues, and the government's recent conversion of debt into equity, diluting Nokia's holding.

14 days ago

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The Economic Times broke the news in 14 days ago on Friday, April 25, 2025.

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