Advertisement

Help
You are here: Rediff Home » India » Business » Slide Shows
Search:  Rediff.com The Web
The then CEO of Vodafone Arun Sarin visits Hutchison Telecommunications head office in Mumbai.
 
      Discuss  |          Email   |         Print  |  Get latest news on your desktop
Back  |  Next
Vodafone-Hutchison Essar: $11.1 billion

2. Vodafone-Hutchison Essar: $11.1 billion

On February 11, 2007, Vodafone agreed to buy out the controlling interest of 67% held by Li Ka Shing Holdings in Hutch-Essar for $11.1 billion.

This is the second-largest M&A deal ever involving an Indian company.

Vodafone Essar is owned by Vodafone 52%, Essar Group 33% and other Indian nationals 15%.

Image: The then CEO of Vodafone Arun Sarin visits Hutchison Telecommunications head office in Mumbai.
Photograph: Punit Paranjpe/Reuters
Back  |  Next
© 2009 Rediff.com India Limited. All Rights Reserved.Disclaimer | Feedback