Vodafone acquires 100% stake in Vodafone India

Vodafone Logo

Vodafone has just announces that it has acquired 100% stake in its Indian subsidiary, Vodafone India Limited. It acquired indirect equity interests in VIL held by Analjit Singh and Neelu Analjit Singh in March, taking its stake to 89.03% of Vodafone India. Piramal Enterprises Limited has agreed to sell its 10.97% Vodafone India stake to Vodafone for Rs. 8,900 crores. The combined cash consideration for both transactions was Rs. 10,142 crores (1.0 billion GBP), said Vodafone. Continue reading “Vodafone acquires 100% stake in Vodafone India”