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Piramal Healthcare To Buy 5.5% In Vodafone Essar For $640M

Thursday, August 11, 2011 | More »

Cash-rich pharmaceutical firm Piramal Healthcare Ltd has acquired 5.5 per cent stake in telco Vodafone Essar for Rs 2,856 crore or around $640 million. This values Vodafone Essar, second largest telecom firm in the country, at around $11.6 billion, by revenues. Although this may appear as a late ent...