Report: Vodafone is considering transferring part of its stake in its Indian subsidiary

This British telecom company is considering transferring part of its stake to this Indian company to be held as treasury stock, instead of injecting more cash into the Indian business. This move will improve the balance sheet of the loss-making Vodafone Idea and assist in its current debt-raising efforts, including negotiations with lenders for loans amounting to around 350 billion rupees. (Bloomberg)