India Securities’ wholly owned subsidiary - ETHL Communications Holdings has completed the sale of balance stake i.e. 5.485% in the equity capital of Vodafone India (formerly Vodafone Essar) to Piramal Healthcare. The company has concluded the sale in terms of agreement entered with Vodafone Group.
Last year in July, ETHL Communications Holdings had entered into definitive agreement for sale of entire 10.97% stake in Vodafone Essar to Vodafone at a consideration of $1.26 billion. Later on in August, ETHL Communications Holdings had completed sale of 50% of its stake i.e. 5.5% in the equity capital of Vodafone Essar to Piramal Healthcare.
India Securities is promoted by Essar (Ruia) group and is a subsidiary of Essar Investments. It is into the business of finance, corporate advisory services, project finance, intermediation services project money and foreign exchange markets.
Company Name | CMP |
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Bajaj Finance | 6740.00 |
Shriram Finance | 2366.85 |
Aditya Birla Capital | 223.45 |
SBI Cards AndPayment | 714.50 |
Chola Invest & Fin. | 1280.40 |
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