Vodafone buys Essar's stake for $5 bn; may exceed FDI limit

Last updated: 01 April 2011

Vodafone buys Essars stake for $5 bn; may exceed FDI limit UK-based Vodafone on Thursdayacquired 33 per cent stake of its Indian partner Essar in the joint venture Vodafone Essar for USD 5 billion and may go for a new ally or opt for public offering to remain FDI compliant. C

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