Vodafone India gets FIPB go-ahead to acquire YOU Broadband
Vodafone India, the country's second-largest telecom operator, has received a go-ahead from the government to acquire YOU Broadband India for Rs 55.09 crore. "Approval has been sought by Vodafone India Ltd, a 1000/o foreign owned company, for acquisition of 100o/o shares M/s You Broadband India Limited by way of transfer from resident shareholders and non-resident shareholder," according to a notice issued by the department of Economic Affairs (FIPB Unit), Ministry... Read More
