KKR offloads entire 4.85 per cent stake in Indus Towers; CPP Investments sells 2.14 per cent holding

KKR has exited Indus Towers Limited by offloading its entire 4.85 per cent stake in the company, while the Canada Pension Plan Investment Board (CPPIB) has sold off a 2.14 per cent holding. The two firms, along with another entity, Patronus Tradetech LLP, have sold shares worth Rs 39.78 billion in Indus Towers through open market transactions. As per the bulk deal data, KKR, through its arm Silverview Portfolio Investments Pte Limited, sold 130.8 million shares of Indus Towers, while CPP disposed of more than 57.6 million shares of the company, amounting to 4.85 per cent and 2.14 per cent stakes respectively. Meanwhile, Patronus Tradetech LLP offloaded 226,000 shares in the tower company. The shares were sold at Rs 210-Rs 21-215.28 apiece, taking the transaction size to about Rs 39.78 billion.