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Piramal Healthcare to buy 5.5% in Vodafone India unit

FP Archives December 20, 2014, 06:24:26 IST

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

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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, 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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