Piramal Healthcare Acquires 5.5% Stake in Vodafone’s India Unit
February 06, 2012, 8:29 PM ESTBy Anurag Joshi
Feb. 4 (Bloomberg) -- Piramal Healthcare Ltd. has agreed to buy a stake of about 5.5 percent in Vodafone Group Plc’s Indian unit from the Essar Group for about 30.07 billion rupees, the company said in a statement to the BSE India stock exchange.
Piramal’s stake in Vodafone India will rise to about 11 percent after the purchase, according to the statement.
To contact the reporter on this story: Anurag Joshi in Mumbai at ajoshi53@bloomberg.net
To contact the editor responsible for this story: Anil Varma at avarma3@bloomberg.net
