Vodafone (VOD -1.3%) will increase its stake in Essar India to 75% with the purchase of a 33%...

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

Vodafone (VOD -1.3%) will increase its stake in Essar India to 75% with the purchase of a 33% holding for $5B from Essar Group, its partner in the JV. Sanford Bernstein doesn't expect the deal to materially affect the company's financials as the price was already included in its net debt.