Piramal

Piramal sells stake in Vodafone India

Indian conglomerate Piramal Industries has sold its 11 per cent stake in Vodafone’s Indian operation for almost $1.5bn, generating a 50 per cent return on an investment made during the 2012 financial year. The stake was sold to Prime Metals Ltd, an indirect subsidiary of Vodafone Group, Piramal said.

Vodafone sells 5.5% of Indian operation to healthcare provider

International carrier Vodafone has sold 5.5 per cent of Indian operation Vodafone Essar to Indian medical services provider Piramal Healthcare for $640m. Vodafone is required to divest the stake to bring it back below the 74 percent ownership threshold, which is the Indian limit for foreign investment within a company. In July Vodafone acquired Essar’s holding in the operation, taking it beyond that threshold.

Events

There are no upcoming events.

Polls

Do you agree public funding should be used to support mobile operators to more broadly deploy Open RAN?

Loading ... Loading ...