Vodafone Plans To Boost Stake In Indian Unit: Source

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Vodafone Plans To Boost Stake In Indian Unit: Source

by Wochit 0:32 mins

By Kate Holton and Devidutta Tripathy LONDON/NEW DELHI (Reuters) - Vodafone intends to increase its stake in its Indian subsidiary after the country cleared foreign companies to take full ownership of local carriers, a source familiar with the group's plans said on Monday. The British company is set to seek approval in the coming weeks from the Indian government's Foreign Investment Promotion Board to buy stakes from minority partners, the source said, adding that it has yet to decide if it will buy out all partners. ...

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