Three non-independent directors of Vodafone—Ravinder Takkar, Sunil Sood and Thomas Reisten—have tendered their respective resignations as of Monday, Indus Towers said in an exchange filing.
The resignation of all three non-executive and non-independent directors was because of cessation of board appointment rights of Vodafone shareholders.
Both Takkar and Sood also held respective committee positions at Vodafone.
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This has come as earlier this year, Vodafone Group sold 18% stake in Indus Towers for about Rs 15,300 crore. On the other hand, Bharti Airtel increased its stake by acquiring by 1% stake in Indus Towers.
As of September end, Airtel owns 50.00% stake in Indus Towers, according to data available on the bourses.
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