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Sarin claims losers tried to derail deal

Vodafone chief executive Arun Sarin on Saturday said his hopes that India’s regulatory bureaucracy had modernised were shaken by last-minute moves to derail his company’s $11-billion takeover of Hutchison Essar. Mr Sarin called for greater transparency in India’s merger approval process to defeat backroom efforts by vested interests to manipulate the political bureaucracy. “I really […]

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