August 6th, 2021 3:50 PM 20 COMMENTS

Removal of Retrospective Taxation Big Win for Vodafone Plc, Might Help Vi

The investment environment in India has been put to question a lot of time given the tax laws of the country. However, on Friday one of the major question marks for the investors thinking upon India as their next investment destination evaporated in thin air as the bill passed in Lok Sabha put an end to the practice of retrospective taxation. For the unaware, the retrospective taxation law meant that... Read More

August 5th, 2021 3:35 PM 19 COMMENTS

UK Firm Giving Away Stake in Vodafone Idea Freely to BSNL

Vodafone Plc is the another owner of the financially weak telco, Vodafone Idea, apart from Aditya Birla Group. While the latter owns a 27.66% stake in the company, the UK-based group owns 45% in the company. As per the latest reports on the matter, Vodafone Plc has said that it would offer its stake to the lenders who are willing or to the public telecom company, BSNL, for free if... Read More

April 11th, 2014 1:11 PM 41 COMMENTS

Vodafone Acquires 100 Percent Stake in Vodafone India

Vodafone today officially announces that it has acquires 100 percent stake in its Indian unit Vodafone India (VIL).   In March 2014, Vodafone completed the acquisition of indirect equity interests in VIL held by Analjit Singh and Neelu Analjit Singh, taking its stake to 89.03% of VIL. Today Vodafone acquired the remaining 10.97% of VIL from Piramal Enterprises Limited. The combined cash consideration for both transactions was INR 10,142 crores... Read More

April 1st, 2011 11:26 AM 14 COMMENTS

Vodafone Buys Essar’s 33 percent Stake For $5 Billion

Vodafone Essar, country’s second largest mobile service operator in terms of revenue and third largest in terms of subscribers announces that the Essar Group has exercised its underwritten put option over 22% of Vodafone Essar Limited (‘VEL’). Following the exercise by the Essar Group of its put option, Vodafone has exercised its call option over the remaining 11% of VEL owned by the Essar Group resulting in a total cash... Read More

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