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FIPB clears Vodafone deal

Ending months of controversy, the Foreign Investment Promotion Board (FIPB) cleared Vodafone’s proposal to acquire 52 per cent in Hutchison-Essar from Hong-Kong-based Hutchison Telecom International Ltd (HTIL). The proposal has now been sent for the finance minister’s approval, Industry Secretary Ajay Dua told reporters after a short meeting of the FIPB, the nodal agency for […]

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