Essar has abandoned plans to inject part of its 33 per cent stake in the Vodafone Essar venture into a listed shell company, after objections by its partner, Vodafone. Instead, the partners have agreed to appoint two investment banks to value the stake in the Indian mobile operator, as a precursor to Essar deciding whether to sell it to Vodafone.
FlashNews:
AM/NS India Highlights Long‑Life Solar Infrastructure with Magnelis for 300 GW Ambition
RECPDCL Hands Over Ryapte Transmission SPV to Tata Power
India’s Rooftop Solar Push Accelerates as PM Surya Ghar Nears 5 Million Homes
PM Modi Looks East to Future After Bhogapuram Airport Unveiling
India Approves ₹50.7 Billion Scheme for Floating Solar Projects with Energy Storage
Air India, SkyDrive, and Suzuki Join Forces to Explore eVTOL Medical Logistics in India
REC, PFC Seal ₹268.5 Billion Loan Deal for 2,400 MW Meja Thermal Project
Tata Power Renewables Breaks Ground on 800 MW Hybrid Project in Andhra Pradesh
RECPDCL Transfers Two Key Power Transmission SPVs to Power Grid and Terralight Solar
Inox Wind Wins ₹16 Billion Repeat Order from NLC India for 200 MW Project
GAIL and RCF Ink Pact to Build 1.27 MMTPA Gas‑Based Fertiliser Plant in Maharashtra
Texmaco, Touax, TrinityRail JV to Invest ₹18 Billion in 100 Rakes to Boost Railcar Leasing
India’s Aviation Minister Pushes Cost‑Effective SAF Rollout From 2027
Vedanta Uses 4 Billion Units of Clean Energy in FY2026, Cuts Emissions
Suzlon Starts FY2027 Strong with Record Q1 Deliveries, 23% Revenue Growth
India to Develop 44 Airports Under Hub‑and‑Spoke Plan, Civil Aviation Secretary Says
India’s Satellite Communications Push Gains Momentum Through Public‑Private Partnerships: Viasat
India Moves to Give Consumers Choice of Power Supplier Under New Licensing Plan
REC Declares First Interim Dividend as Q1 Profit Jumps 23%
Home » Vodafone the winner in Essar JV tussle
Vodafone the winner in Essar JV tussle
Technology
March 1, 2011March 1, 2011
Leave a Reply
You must be logged in to post a comment.