5:16 pm - Thursday March 28, 2024

Vodafone wins final approval for $1.6 billion deal to fully own Indian unit

628 Viewed Alka Anand Singh Comments Off on Vodafone wins final approval for $1.6 billion deal to fully own Indian unit
Vodafone wins final approval for $1.6 billion deal to fully own Indian unit
Vodafone wins final approval for $1.6 billion deal to fully own Indian unit

New Delhi –  The government gave final clearance to Vodafone’s proposal to buy out minority shareholders in its India venture and acquire full control of the country’s second-biggest telecom company by subscribers.

Vodafone’s proposed Rs 10,141 crore purchase of stakes is the first instance of a foreign telecom company seeking full control of its local venture after the government raised the foreign investment limit in the sector to 100% from 74% in July last year.

Don't miss the stories followIndiaVision India News & Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in

Rupee surrenders initial gains; trades at 62.35 vs dollar

Auto Expo 2014: Tata Motors unveils SUV Nexon

Related posts