Vodafone sells 5.6% stake Bharti Airtel to Bharti Group

Bharti Airtel Ltd has announced that, pursuant to Vodafone acquiring a controlling interest in Hutchison Essar Ltd, Bharti Group has an arrangement to buy the 5.6% direct interest of Vodafone in the Company for US$ 1.6 billion, on a deferred payment basis.
Vodafone will continue to hold an indirect 4.4% economic interest in the Company, as a financial investor and will not have any representation on the Company's board nor any management rights.

Source : Equity Bulls

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