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.
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Home » Vodafone the winner in Essar JV tussle
Vodafone the winner in Essar JV tussle
Technology
March 1, 2011March 1, 2011
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