Vodafone looks to buy out Indian partners

25 Sep 2013

UK-based Vodafone Group is planning to take full control of its Indian wireless arm by purchasing the stakes held by its local partners, the Economic Times writes, citing an unnamed source familiar with the development. Vodafone increased its stake in Vodafone India to 74% in 2011, then the maximum that could be held by a foreign company, and is now looking to purchase the remaining 26% following changes to foreign direct investment (FDI) rules in the telecoms sector. Vodafone’s Indian partners include Piramal Healthcare (11%) and Analjit Singh (around 6%).

India, Vodafone India