Articles tagged with: Essar Group

Essars to Seek $883 Million Refund on Vodafone Sale

India's Essar Group is expected to seek a refund of the US$883 million that was deducted as withholding tax when it sold a 22% stake in Vodafone Essar to the Vodafone Group. more

Related Tags: vodafone-essar, vodafone, India

Vodafone Faces Delay in Securing Permission for Essar Group Buyout

India's Foreign Investment Promotion Board (FIPB) has refused to grant approval to Vodafone's recent decision to buy out part of the Essar's Group holdings in their joint venture. more

Related Tags: foreign-investment-promotion-board, vodafone, vodafone-essar, India

Vodafone Finalises Details to Buy Out Essar Group's Stake in Indian Network

Vodafone has finalised the details to buy out the Essar Group's holding in its Indian subsidiary. In total, Vodafone will pay approximately US$5.46 billion for the 33% stake in Vodafone Essar Ltd. more

Related Tags: vodafone, vodafone-essar, India

Essar Group Purchase of Warid Telecom Networks Blocked by Regulators

India's Essar Group has been forced to cancel the purchase of mobile networks in Uganda and Congo after the company was unable to secure regulatory approval for the transaction. more

Related Tags: Uganda

Vodafone Essar Indirectly Listed on the Bombay Stock Exchange

Vodafone's Indian subsidiary, Vodafone Essar now has an indirect listing on the Bombay Stock Exchange (BSE), more

Related Tags: vodafone-essar, India

Essar Group Claims Vodafone Essar Stake Worth More than $5 Billion

The Essar Group has restated its belief that its 33% stake in Vodafone Essar Ltd is worth more than the US$5 billion that Vodafone offered it under the terms of the put-option between the two companies. more

Related Tags: vodafone-essar, vittorio-colao, vodafone-group, India

Vodafone Pays $5 Billion to Buy Out its Indian Shareholders

In a terse statement that lacked any of the usual chatter about how happy everyone is with the deal, Vodafone has announced that it is paying US$5 billion to buy 22% of its Indian subsidiary. more

Related Tags: vodafone-essar, vodafone, India

India's CBI Claims Essar and Reliance Used Illegal Front Companies in the 2008 License Scandal

India's Central Bureau of Investigation (CBI) has claimed that two mobile networks, Swan Telecom and Loop Telecom were used a front companies by existing telecoms companies to acquire additional GSM radio spectrum during the controversial 2008 license awards. more

Related Tags: etisalat-eb, swan-telecom, reliance-communications, loop-telecom, cbi, India

Essar Cuts its Controversial Stake In Loop Telecom

India's Essar Group has cut its controversial 9.9% stake in Loop Telecom to just 1.5% as the company continues to be probed over its shareholding in the company.  more

Related Tags: loop-telecom, court, telecom, India

Vodafone May Seek to Buy Out Indian Partners

Vodafone is reported to be in talks with a minority partner in its Indian subsidiary to buy out the 33% stake held by the Essar Group. more

Related Tags: vodafone-essar, vodafone, telecom, India

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