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Essar Receives $ 1.9B From Vodafone Group

Thursday, June 2, 2011 | |  More »

UK based Vodafone Group Plc has paid Essar Group $1.9 billion, DNA India reports. In March, Vodafone announced it would pay $5 billion to buy out Essar Group’s stake in Vodafone Essar. The settlement was to be finalised by November 2011. The $1.9 billion is the first tranche of this settlement. In...

Essar Demands $700M From Vodafone For Stake

Essar Group is now asking UK based Vodafone for $600-700 million more for complete control of Vodafone Essar, one of the top cellular service providers in the country, Economic Times reported. This deal would bring Vodafone’s stake up from 67% to 78%. In March, Vodafone announced it would pay ...

8 April, 2011 | More »

SHASHI RUIA, ESSAR GROUP

Vodafone Coughs Up $5B For Essar Stake In Telecom JV

This perhaps spells the end of reportedly a troubled cross-border corporate marriage. UK-headquartered Vodafone Group Plc has agreed to buy 33% stake in its Indian joint venture Vodafone Essar Ltd from the Ruias-led Essar Group for $5 billion. Vodafone Group announced on Thursday, “Essar Group has...

31 March, 2011 | More »

SHASHI RUIA, ESSAR GROUP

Vodafone To Pay $5 Billion In Cash For Buying Out Essar In India

Vodafone, the world’s largest mobile operator by revenue, said on Thursday it had agreed to pay $5 billion in cash to buy out the Essar Group from its Indian joint venture. Vodafone will take control of Essar’s 33 per cent of the Vodafone Essar Limited company, giving it 75 per cent of t...

31 March, 2011 | More »