FIPB approves Vodafone plan to fully own India business
The Foreign Investment Promotion Board (FIPB) Monday approved a proposal of British telecom major Vodafone Group Plc to increase its stake to 100 percent in the Indian holding with an investment of around Rs.10,141 crore ($1.7 billion). Vodafone would now need final approval from the union cabinet. “We are pleased to have obtained FIPB approval […]