Vodafone's deal to fully own Indian unit approved by regulators

|About: Vodafone Group Plc (VOD)|By:, SA News Editor

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.