wordpress blog stats
Connect with us

Hi, what are you looking for?

Vodafone Gets Indian Govt Approval For Buying 100% In Indian Arm

The Indian government’s Cabinet Committee on Economic Affairs has approved Vodafone’s proposal to increase stake in its Indian arm from 64.38% to 100%, a move which the government expects will bring in approximately Rs 10,141 crore into India. 

CGP India Investments Limited, an indirect wholly-owned Mauritian subsidiary of Vodafone, proposes to acquire the entire indirect interest (24.65% stake) held by Analjit Singh and Neelu Analjit Singh in Vodafone India Limited, through their 51% shareholding in share capital of Scorpios Beverages Private Limited (a company incorporated in India). In addition, Prime Metals Limited, an indirect wholly owned Mauritian subsidiary of Vodafone, had proposed to acquire 10.97% stake of the shares of VIL from Piramal Enterprises Limited.

The proposal was however deferred by FIPB in the December 9 meeting, since it was apparently awaiting for comments from the Ministry of Home Affairs, after which it was forwarded to the CCEA. If Vodafone does get the final clearance, it will probably be the first foreign telco to buy out its Indian shareholders, after the government allowed 100% Foreign Direct Investment (FDI) in telecom in July 2013.

Last month, Norwegian telecom operator Telenor has raised its stake in Telewings to 74% after receiving FIPB approval to increase its stake and invest up to Rs 1,000 crore in the JV in June 2013. Singtel was also looking to buy out its minority shareholders in Singtel Global (India) Pvt Ltd, however the proposal was temporarily postponed by FIPB in November 2013 and later deferred.

Vodafone India Revenues

Vodafone India revenues declined 1.98% year on yaer to £937 million for the quarter ending December 31, 2013. The company reported adjusted operating profit of £151 million, up from £137 million in Q2 and £84 million YoY. Vodafone India has 160.41 million connections, with an ARPU of Rs 193. It had 45.7 million data connections for the quarter ended December 31, 2013, with 5.2 million 3G connections. It reported data revenues £111 million.

Advertisement. Scroll to continue reading.

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ