Nokia offloads Vi stake, raises Rs 7.85 billion

Nokia Solutions and Networks India Private Limited has sold its 0.95 per cent stake in Vi through a bulk deal, raising Rs 7.85 billion by selling shares to marquee global investment banks, including Goldman Sachs. Nokia has offloaded 1.027 billion shares of Vi at a price of Rs 7.65 per share. Data shows that Goldman Sachs (Singapore) Pte was among the top purchasers, picking up shares worth Rs 4.57 billion.