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Piramal Healthcare to buy 5.5% in Vodafone India unit
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  • Piramal Healthcare to buy 5.5% in Vodafone India unit

Piramal Healthcare to buy 5.5% in Vodafone India unit

FP Archives • December 20, 2014, 06:24:26 IST
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Piramal Healthcare Ltd said on Saturday it will buy a 5.5 percent stake in Vodafone’s India unit for Rs3,000 crore

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Piramal Healthcare to buy 5.5% in Vodafone India unit

[caption id=“attachment_203445” align=“alignleft” width=“380” caption=“Clive Darr/Flickr”] ![](https://images.firstpost.com/wp-content/uploads/2012/02/vodafone_clivedarr_flickr.jpg "vodafone_clivedarr_flickr") [/caption]

Piramal Healthcare Ltd said on Saturday it will buy a 5.5 percent stake in Vodafone’s India unit for Rs3,000 crore, taking its total stake in the mobile company to about 11 percent.

Last year, Piramal bought a 5.5 percent stake in Essar, Vodafone’s joint venture partner in the country.

Reuters

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