Vodafone last week paid $1.48 billion for the remaining 11 percent stake in Vodafone India Ltd. it didn't already own, making it the first foreign telecom carrier to wholly own its Indian subsidiary.
April 15, 2014 at 03:04 AM
1 minute read
The original version of this story was published on Global Lawyer News
S&R Associates and Amarchand & Mangaldas & Suresh A. Shroff & Co. had the lead roles in a deal that will see Vodafone Group plc. take full ownership of its Indian subsidiary.
Vodafone last week closed a deal to pay $1.48 billion for the remaining 11 percent stake in Vodafone India Ltd. it didn’t already own. The seller was Mumbai-based pharmaceutical group Piramal Enterprises Ltd.
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