Vodafone wins control of India division
Friday, 11 April 2014
Global mobile phone giant Vodafone has taken full control of its Indian subsidiary in deals worth $1.7 billion, it confirmed on Friday. "Vodafone announces that it now owns 100 percent of its Indian subsidiary, Vodafone India Limited (VIL)," the group said in a statement. The company added it completed a deal in March to lift its VIL stake from 84.5 percent to 89.03 percent, after buying a stake from Analjit Singh and Neelu Analjit Singh. And on Friday it acquired the remaining 10.97 per cent from Piramal Enterprises Ltd, it added, according to AFP.