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October 23, 2018

Vodafone eyes Indian partners' stake for full control of unit

NEW DELHI: British telecom major Vodafone is planning to buy out stakes held by its Indian partners, including Ajay Piramal-led Piramal Healthcare and Analjit Singh, in Vodafone India to gain complete control of the country’s second largest telecom operator.

“Work is going on in this regard (to take parent stake to 100 per cent by buying stakes held by Indian partners),” a source familiar with the development told PTI.