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Vodafone Group Plc Seeks Approval To Raise Stake In India unit-Reuters


Tuesday, 29 Oct 2013 08:48am EDT 

Reuters reported that Vodafone Group Plc has sought approval from the authorities to raise its stake in the India unit for INR101.41 billion ($1.65 billion) it said, after India allowed foreign companies to take full ownership of local carriers. Vodafone directly and indirectly owns a combined 84.5% of Vodafone India. Vodafone directly owns 64.38% of the India unit. 

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