Vodafone plan to buy rest of Indian arm on today’s FIPB agenda
6 Dec 2013 6:01 AM IST
The Foreign Investment Promotion Board (FIPB) will on Friday consider the Rs 10,141 crore proposal of UK telecom giant Vodafone to acquire the remaining stake in its Indian arm.
The FIPB, which is the country's highest decision making body on foreign investment, at its meeting will also consider 10 other proposals, including that of Indian Rotocraft, Jubilant Aeronatics and HBO India Pvt Ltd, the Finance Ministry said. As per the proposal before the FIPB, CGP India Investments Ltd, an indirect Mauritian unit of Vodafone International Holdings BV, has sought approval to buy the stake held by minority shareholders in Vodafone India Ltd.
The FIPB, which is the country's highest decision making body on foreign investment, at its meeting will also consider 10 other proposals, including that of Indian Rotocraft, Jubilant Aeronatics and HBO India Pvt Ltd, the Finance Ministry said. As per the proposal before the FIPB, CGP India Investments Ltd, an indirect Mauritian unit of Vodafone International Holdings BV, has sought approval to buy the stake held by minority shareholders in Vodafone India Ltd.
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