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New Delhi :: India | 5 days ago

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In two separate deals, billionaire industrialists Ajay Piramal and Analjit Singh have sold their respective stakes in Vodafone India, the local arm of British telecoms operator Vodafone Plc, clocking handsome returns on investment. Piramal, one of

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Singapore :: Singapore | 6 days ago

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Enterprises Ltd. has agreed to sell its 11% stake in Vodafone Group PLC's Indian venture to the British phone giant for 89 billion rupees ($1.5 billion), the Indian firm's chairman said Thursday. "We have over a long period of time consistently

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New Delhi :: India | 2 months ago

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Budget Each partner has initially committed to providing $250-million (U.S.) to the project. PEL's real estate fund management arm, Indiareit Fund Advisors, will be an adviser on the financing...This opportunity allows us to participate in India's

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Mumbai :: India | 2 months ago

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Ventures and Norwest Venture Partners plan to sell their minority stake in Shriram City Union Finance for around Rs 600 crore. The sale of their combined stake of about 10% follows in the footsteps of buyout firm TPG Capital , which is exiting

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New Delhi :: India | 4 months ago

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The telecom major, which holds a 64.38 per cent stake in the Indian unit, will buy remaining outstanding shares from minority shareholders like Ajay Piramal and Analjit Singh. Piramal holds an 10.97 per cent stake in India's second-largest telecom

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New Delhi :: India | 4 months ago

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The Aam Aadmi Party may have enthralled Delhi voters but India Inc is torn between admiration for its achievement and fear of its populist ways. A majority of CEOs and industrialists in New Delhi and Mumbai reached by ET praised AAP's success and

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New Delhi :: India | 4 months ago

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T here is one problem with journalist Mini Menon's book Riding the Wave': the choice of the seven entrepreneurs profiled here. They were chosen, she explains in the introduction, because they "have changed the rules of the game" of business. These

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London :: United Kingdom | 4 months ago

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In the process, Vodafone India's valuation rose 48.39 per cent since February 2012, when Piramal Enterprises bought 5.5 per cent stake in Vodafone India for Rs 3,007 crore (Rs 30.07 billion). According to a recent communication to the Department of

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Mumbai :: India | 5 months ago

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Currently sales are low in most of the major markets, which has impacted cash inflows...Knight Frank India executive director for capital transactions group Rajeev Bairathi told PTI. After the recent RBI directives tightening bank funding to realty

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London :: United Kingdom | 5 months ago

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Indian minority shareholders in Vodafone India, including Analjit Singh, will have to pay 20 per cent capital gains tax after selling their stake to the UK-based parent company, a Finance Ministry official said. There is a capital gain for the

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