Vodafone investors have been recommending an exit from India.
By Bhuma Shrivastava
Shareholders of Aditya Birla Nuvo Ltd, controlled by billionaire Kumar Mangalam Birla, approved plans for a merger with Grasim Industries Ltd that would create a firm with $9 billion in combined revenue. About 83% of ABNL minority shareholder votes cast were in favour of a proposal to merge with affiliate… Read more »
Vodafone Group Plc is nearing an initial agreement to merge its Indian operations with Idea Cellular Ltd, in a deal that would create the largest telecom company in one of the world’s most competitive markets, people with knowledge of the matter said. The two firms plan to announce a preliminary… Read more »
“There is a fair amount of demand for Indian paper and a slice of the bright Indian story,” says Lalwani
Alphabet Inc’s Google said on Thursday it is acquiring cloud software company Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud business.
The IPO, expected to raise between 133 billion rupees and 200 billion rupees ($2-$3 billion), could potentially surpass a 155-billion rupees IPO by state-run Coal India in 2010 to become India’s biggest IPO.
Vodafone, the second largest telecom operator in India, is learnt to be in discussions with Tikona Digital Networks to acquire the latter’s 4G spectrum as it braces up to expand its high-speed broadband network across the country, according to a report in The Economic Times. Vodafone India, subsidiary of UK’s… Read more »
The Supreme Court on Monday asked Vodafone Mobile Services Ltd (VMSL) to pay just Rs.2,000 crore to the Union government in pursuance of a proposed merger of four entities into itself, a move that brings Vodafone India Ltd, India’s second largest communications services provider, a step closer to listing on… Read more »
Vodafone Group Plc is planning talks with banks interested in advising for its initial public offering, which might happen in the first quarter of 2016. The Newbury, England-based company, the world’s second largest mobile phone operator, may sell 10 per cent of the India unit through the offering. If it… Read more »