Vodafone Group Plc VODAFONE ACQUIRES 100% OF VODAFONE INDIA (6223E)
April 11 2014 - 2:46AM
UK Regulatory
TIDMVOD
RNS Number : 6223E
Vodafone Group Plc
11 April 2014
11 April 2014
VODAFONE ACQUIRES 100% OF VODAFONE INDIA
Vodafone announces that it now owns 100% of its Indian
subsidiary, Vodafone India Limited ("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 101.418
billion (GBP1.0 billion(1) ).
(1) At an exchange rate of GBP1.00: INR 100.9713.
For further information:
Vodafone Group
Investor Relations
Tel: +44 (0) 7919 990 230
Media Relations
www.vodafone.com/media/contact
About Vodafone
Vodafone is one of the world's largest telecommunications
companies with approximately 419 million customers in its
controlled and jointly controlled markets as of 31 December 2013.
Vodafone has equity interests in telecommunications operations in
nearly 30 countries and around 50 partner networks worldwide. For
more information, please visit: www.vodafone.com
This information is provided by RNS
The company news service from the London Stock Exchange
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