In a strategic divestment, Ericsson India has sold nearly 1% of its stake in Vodafone Idea through open market transactions, generating approximately Rs. 428 crore. The sale, involving over 63 crore shares at an average price of Rs. 6.76 apiece, comes amid the telecom company’s ongoing efforts to raise Rs. 20,000 crore to reduce debt and fund operations. Following the transaction, Vodafone Idea’s stock declined nearly 2% in intraday trading.