- After delaying its decision earlier this month, India's foreign investment regulator has signed off on Vodafone's (VOD -0.4%) to $1.6B deal to acquire the 15.5% stake in its Indian subsidiary that it doesn't already directly or indirectly own.
- In tandem with the deal, Vodafone has committed to investing $2B through its Indian unit. The subsidiary claims over 154M subs (#2 overall) in a market still seeing healthy growth, making it a crucial part of Vodafone's emerging markets expansion efforts.
Vodafone's deal to fully own Indian unit approved by regulators
Dec 30 2013, 12:02 ET