\n\tPTI<\/p>\n
NEW DELHI: The Foreign Investment Promotion Board<\/a> (FIPB) will on December 6 consider the Rs 10,141 crore proposal of UK telecom giant Vodafone to acquire the remaining stake in its Indian arm.<\/p>\n \n\t\"The FIPB will meet on December 6. Vodafone is listed on the meeting agenda,\" an official source told .<\/p>\n CGP India Investments Ltd, an indirect Mauritian unit of Vodafone International Holdings BV<\/a>, has sought approval from the FIPB, headed by Economic Affairs Secretary Arvind Mayaram<\/a>, to buy the stake held by minority shareholders in Vodafone India Ltd.<\/p>\n \n\tThe UK-based telecom major holds a 64.38 per cent stake in the Indian unit.<\/p>\n \n\tThe proposal, which was listed on the agenda of FIPB's meeting on November 13, was not taken up for want of comments from various ministries.<\/p>\n \n\tOpinions had been sought from the Department of Telecom, Department of Industrial Policy and Promotion, Ministry of Home Affairs, Ministry of External Affairs and the Department of Revenue.<\/p>\n The government had in August allowed foreign telecom companies to own 100 per cent of their businesses in India. Previously, the FDI<\/a> cap in the sector was 74 per cent.<\/p>\n Vodafone's minority investors include billionaire industrialist Ajay Piramal<\/a>, who holds an 11 per cent stake in India's second-largest telecom company by subscribers.<\/p>\n \n\tThe remaining stake is with undisclosed shareholders. Analjit Singh, Vodafone India's non-executive chairman, is understood to be among them.<\/p>\n \n\t\"The total inflow of foreign investment into India as a result of the proposed transactions will be approximately Rs 10,141 crore. Following the completion of these transactions, Vodafone will also consider providing additional funding to VIL by subscribing to equity shares of VIL,\" Vodafone had said.<\/p>\n Vodafone entered India in 2007 by buying Hutchison Whampoa<\/a>'s stake in Hutchison-Essar Ltd in a USD 11 billion deal.<\/p>\n \n\tThe company was slapped with a tax liability of over Rs 11,200 crore, along with interest, for the 2007 acquisition and is in talks with the government to resolve the issue. JD JC<\/p>\n\n<\/body>","next_sibling":[{"msid":26353313,"title":"Intel ready to turn Android into Windows-like OS","entity_type":"ARTICLE","link":"\/news\/industry\/intel-ready-to-turn-android-into-windows-like-os\/26353313","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":26355712,"entity_type":"ARTICLE","title":"FIPB to take up Vodafone's Rs 10,141 crore proposal next month","synopsis":"The Foreign Investment Promotion Board (FIPB) will on December 6 consider the Rs 10,141 crore proposal of UK telecom giant Vodafone to acquire the remaining stake in its Indian arm. \"The FIPB will meet on December 6. Vodafone is listed on the meeting agenda,\" an official source told .","titleseo":"industry\/fipb-to-take-up-vodafones-rs-10141-crore-proposal-next-month","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2013-11-25 13:56:28","lastupd":"2013-11-25 14:04:14","breadcrumbTags":["Vodafone International Holdings BV","Foreign Investment Promotion Board","industry","FDI","Hutchison Whampoa","Ajay Piramal","Arvind Mayaram","Analjit Singh Vodafone India"],"secinfo":{"seolocation":"industry\/fipb-to-take-up-vodafones-rs-10141-crore-proposal-next-month"}}" data-authors="[" "]" data-category-name="Industry" data-category_id="18" data-date="2013-11-25" data-index="article_1">
外国投资促进委员会(FIPB) 12月6日将考虑英国电信巨头沃达丰的10141卢比的提议收购剩余股份的印度的手臂。“FIPB将满足12月6日。沃达丰是列入会议议程,”一位官员告诉来源。 PTI 新德里:外国投资促进委员会12月6日(FIPB)将考虑英国的10141卢比的建议电信巨头沃达丰收购剩余股份的印度的手臂。 “FIPB将满足12月6日。沃达丰是列入会议议程,”一位官员告诉来源。 本金保证产品印度投资有限公司,一个间接毛里求斯的单位沃达丰(Vodafone)国际控股BV寻求FIPB批准,由经济事务部长Arvind Mayaram购买少数股东持有的股份,沃达丰印度有限公司 英国电信主要持有印度子公司64.38%的股份。 的建议,列出FIPB的会议议程11月13日,没有了希望的评论从不同的部门。 意见一直寻求的电信产业政策和晋升,民政、外交部和收入。 政府允许外国电信公司8月在印度拥有100%的企业。在此之前,外国直接投资盖在该行业为74%。 沃达丰的少数投资者包括亿万富翁实业家Ajay Piramal拥有印度第二大电信公司11%的股权由用户。 剩下的未披露的股东的股份。Analjit辛格,沃达丰印度的非执行主席,被认为是其中之一。 ”流入印度的外国投资总额的拟议交易将大约10141卢比。这些交易完成后,沃达丰还将考虑提供额外资金维尔通过订阅股票维尔,“沃达丰说。 沃达丰于2007年进入印度购买和记黄埔(Hutchison Whampoa)hutchison essar的股份有限公司的110亿美元交易。 该公司被处以超过11200卢比的纳税义务,以及2007年收购的兴趣,并与政府进行谈判解决问题。JD JCFIPB沃达丰的下个月10141卢比的提议
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