Vodafone to sell 10% stake in India’s Indus Towers for up to $1.1 bln, term sheet shows
Vodafone Group (VOD.L), opens new tab will sell about 10% stake in India’s Indus Towers (INUS.NS), opens new tab for as much as $1.1 billion on Wednesday, per a term sheet seen by Reuters, as a part of the British firm’s efforts to repay debt. Last week, Reuters reported that Vodafone was mulling to sell its stake in mobile-tower operator Indus […]
Chinese investors’ rush for offshore assets spurs Hong Kong wealth inflows
Hong Kong investment products such as insurance and high-yield time deposits are seeing resurgent demand from wealthy Chinese who are aiming to shield returns from a domestic economic and property sector downturn and also a weaker currency. The trend became evident last year but has accelerated in recent months after China relaxed investment rules for […]