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\"\"PTI
\n
MUMBAI: Vodafone India<\/a> Chairman Analjit Singh<\/a>, who is also a minority shareholder in the company, expects no hurdle to the British major's application to raise its stake in the local unit to 100 per cent.
\n
\"Vodafone has made application to the FIPB (Foreign Investment Promotion Board) to raise its stake to 100 per cent....Vodafone application to buy out stake of Ajay Piramal<\/a> and my group is with the FIPB. Hope the board approves it in the next two months,\" he told reporters on the sidelines of a capital markets summit by ISB here over the weekend.
\n
\nSingh, who is also the founder-chairman of the Max Group, holds 6.24 per cent in Vodafone India.
\n
The British telecom major applied to the FIPB last month seeking approval to buy to raise its stake to 100 per cent after government allowed 100 per cent FDI<\/a> in the telecom sector in September.
\n
\nThe other minority shareholder is Ajay Piramal who owns a little over 11 per cent. IDFC and individual investors hold 18.8 per cent in the company.
\n
\nSingh, who was appointed non-executive chairman in February last year, said it has been only two weeks that the application has been moved by the company and his guess is that it will be cleared in the next two-three meetings.
\n
\n\"The matter is clear...it is normal business, there is nothing exceptional in it.\"
\n
\nThe FIPB in its November 13 meeting didn't take up the proposal of British telecom major.
\n
\n\"All ministries and departments concerned did not give their comments, so the Vodafone proposal was not taken up,\" an official had said.
\n
\nThe buy-out is estimated to cost Vodafdone Plc, the world's largest telco, close to Rs 10,500 crore.
\n
\nOn his group's insurance business, Singh said it is looking up after the troubles of the last two-three years.\n\n<\/body>","next_sibling":[{"msid":26304814,"title":"Vodafone CEO to visit India in Dec, may meet Chidambaram","entity_type":"ARTICLE","link":"\/news\/industry\/vodafone-ceo-to-visit-india-in-dec-may-meet-chidambaram\/26304814","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":26341745,"entity_type":"ARTICLE","title":"Vodafone India chief Analjit Singh sees no hurdle for parent company to bid for 100% local stake","synopsis":"Vodafone India Chairman Analjit Singh expects no hurdle to the British major's application to raise its stake in the local unit to 100%. The British telecom major applied to the FIPB last month seeking approval to buy to raise its stake to 100 per cent after government allowed 100 per cent FDI in the telecom sector in September.","titleseo":"industry\/vodafone-india-chief-analjit-singh-sees-no-hurdle-for-parent-company-to-bid-for-100-local-stake","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2013-11-24 12:48:06","lastupd":"2013-11-25 08:07:28","breadcrumbTags":["Vodafone India","industry","FDI","Ajay Piramal","Analjit Singh"],"secinfo":{"seolocation":"industry\/vodafone-india-chief-analjit-singh-sees-no-hurdle-for-parent-company-to-bid-for-100-local-stake"}}" data-authors="[" "]" data-category-name="Industry" data-category_id="18" data-date="2013-11-24" data-index="article_1">

沃达丰印度首席Analjit辛格认为没有障碍为当地母公司收购100%股份

沃达丰印度Analjit主席辛格希望没有障碍英国主要的应用程序本地单位的股份提高到100%。英国电信公司主要应用于上个月FIPB寻求批准购买其持股比例提高到100%,政府允许外国直接投资在电信部门9月100%。

  • 更新于2013年11月25日08:07点坚持
PTI

孟买:沃达丰印度主席Analjit辛格,他也是该公司的少数股东,希望没有障碍英国主要的应用程序本地单位的股份提高到100%。

“沃达丰已经应用到FIPB(外国投资促进委员会)的持股比例提高到100% ....沃达丰(Vodafone)应用程序购买的股份Ajay Piramal我的小组是FIPB。希望董事会批准它在接下来的两个月,”他对记者说,资本市场峰会间隙在周末这里的特色。

辛格,他也是founder-chairman麦克斯集团在印度沃达丰持有6.24%。

英国电信公司主要应用于上个月FIPB寻求批准购买后政府允许100%持股比例提高至100%外国直接投资9月份在电信部门。

其他小股东是Ajay Piramal谁拥有超过11%。IDFC和个人投资者持有公司18.8%的股权。

辛格任命非执行主席去年2月,说只有两周,应用程序被移动公司和他的猜测是,在接下来的2 - 3的会议将被清除。

“此事是清楚的…这是正常的生意,没有什么异常。”

FIPB的11月13日会议没有英国电信公司主要的建议。

“各部委和有关部门没有给他们的评论,因此,沃达丰的提议没有了,”一位官员说。

收购估计成本Vodafdone Plc),世界上最大的电信,接近10500卢比。

集团保险业务,辛格说,查找麻烦后持续2 - 3年。
  • 发布于2013年11月24日12:48点坚持
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  • 沃达丰印度首席Analjit辛格认为没有障碍为当地母公司收购100%股份
\"\"PTI
\n
MUMBAI: Vodafone India<\/a> Chairman Analjit Singh<\/a>, who is also a minority shareholder in the company, expects no hurdle to the British major's application to raise its stake in the local unit to 100 per cent.
\n
\"Vodafone has made application to the FIPB (Foreign Investment Promotion Board) to raise its stake to 100 per cent....Vodafone application to buy out stake of Ajay Piramal<\/a> and my group is with the FIPB. Hope the board approves it in the next two months,\" he told reporters on the sidelines of a capital markets summit by ISB here over the weekend.
\n
\nSingh, who is also the founder-chairman of the Max Group, holds 6.24 per cent in Vodafone India.
\n
The British telecom major applied to the FIPB last month seeking approval to buy to raise its stake to 100 per cent after government allowed 100 per cent FDI<\/a> in the telecom sector in September.
\n
\nThe other minority shareholder is Ajay Piramal who owns a little over 11 per cent. IDFC and individual investors hold 18.8 per cent in the company.
\n
\nSingh, who was appointed non-executive chairman in February last year, said it has been only two weeks that the application has been moved by the company and his guess is that it will be cleared in the next two-three meetings.
\n
\n\"The matter is clear...it is normal business, there is nothing exceptional in it.\"
\n
\nThe FIPB in its November 13 meeting didn't take up the proposal of British telecom major.
\n
\n\"All ministries and departments concerned did not give their comments, so the Vodafone proposal was not taken up,\" an official had said.
\n
\nThe buy-out is estimated to cost Vodafdone Plc, the world's largest telco, close to Rs 10,500 crore.
\n
\nOn his group's insurance business, Singh said it is looking up after the troubles of the last two-three years.\n\n<\/body>","next_sibling":[{"msid":26304814,"title":"Vodafone CEO to visit India in Dec, may meet Chidambaram","entity_type":"ARTICLE","link":"\/news\/industry\/vodafone-ceo-to-visit-india-in-dec-may-meet-chidambaram\/26304814","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":26341745,"entity_type":"ARTICLE","title":"Vodafone India chief Analjit Singh sees no hurdle for parent company to bid for 100% local stake","synopsis":"Vodafone India Chairman Analjit Singh expects no hurdle to the British major's application to raise its stake in the local unit to 100%. The British telecom major applied to the FIPB last month seeking approval to buy to raise its stake to 100 per cent after government allowed 100 per cent FDI in the telecom sector in September.","titleseo":"industry\/vodafone-india-chief-analjit-singh-sees-no-hurdle-for-parent-company-to-bid-for-100-local-stake","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2013-11-24 12:48:06","lastupd":"2013-11-25 08:07:28","breadcrumbTags":["Vodafone India","industry","FDI","Ajay Piramal","Analjit Singh"],"secinfo":{"seolocation":"industry\/vodafone-india-chief-analjit-singh-sees-no-hurdle-for-parent-company-to-bid-for-100-local-stake"}}" data-news_link="//www.iser-br.com/news/industry/vodafone-india-chief-analjit-singh-sees-no-hurdle-for-parent-company-to-bid-for-100-local-stake/26341745">