Vodafone Group Plc plans to sell its remaining 3% stake in Indus Towers Ltd., with the goal of raising up to $335 million. This comes after the company's previous sale of $1.8 billion in shares in June.

The telecommunications company is offering 79.2 million shares at a price range of 343 rupees to 358 rupees per share. The lower end of the pricing range represents a discount of 3.98% compared to the previous day's closing price, while the upper end indicates a slight premium of 0.22%. The proceeds from this sale will be used in part to reduce the company's debt, according to an official announcement.

The sale of the remaining stake in Indus Towers Ltd. is part of Vodafone Group Plc's ongoing efforts to strengthen its financial position. By raising up to $335 million, the company aims to further reduce its debt. This follows a previous sale of $1.8 billion in shares in June, demonstrating Vodafone's commitment to improving its financial standing. The telecommunications company is offering 79.2 million shares at a price range of 343 rupees to 358 rupees per share, providing potential investors with an opportunity to acquire a stake in Indus Towers Ltd. at a discounted price. The proceeds from this sale will be crucial in supporting Vodafone's debt reduction strategy, as stated in an official announcement.