Essar exits Vodafone JV

  • Thread starter Thread starter amish
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its 75 % only .. VF can't own it fully ...now VF need to search some local partner who can buy these 25 %
 
Guys... You are pretty close.... I believe its 74% - but I guess the point is the same... Vodafone need someone to hold the remaining 26% sack
 
i had the same thing in mind but in news they mentioned below

Vodafone will take control of Essar's 33% of the Vodafone Essar Limited company, giving it 75% of the Indian operator overall.
 
67-33 is current partnership but they can raise the same upto 74 % so they need some one for 26 % i guess local partner mean some company but if public holding allowed then they will prefer the same as this will give the full control of company ...
 

I think they are capable of reaching till 74% on their own - If I am not wrong it was because Essar were not intending to sell that they did not reach 74 & not because they were incapable.
 
I think there must be some government rule, which will not allow such INDIRECT COMPLETE control. Esp. in case of communication field because then it wud be national threat, if one foreign country has complete control over communication.
 
There was a time when nothing was allowed & hence Coke had to move out & then again in mid-90s they initially allowed 49% then later increased to 74%
 
its FDI rule they can't go ahead for more than 74 % .. this limits is different from sector to sector .. for retail sector its 49 % limit ..

between .. Essar is already in this business under brand BPL/loop mobile .. i think there is controversies due to the same also ...

---------- Post added at 10:43 AM ---------- Previous post was at 10:35 AM ----------
 
that was major before hutch take over .. but for this deal they had reduced the same ..but i think they should not allow this due to conflicts of interest ...
 
75%?? I forgot what was maximum share allowed to a foreign company.

Essar exits Vodafone JV: How does Analysys Mason view it? - CNBC-TV18 -


Good Riddance to them.

---------- Post added at 08:40 PM ---------- Previous post was at 08:39 PM ----------

67-33 is current partnership but they can raise the same upto 74 % so they need some one for 26 %

i guess local partner mean some company but if public holding allowed then they will prefer the same as this will give the full control of company ...

There are already two local partners (one is a Mr Singh cant remember the other name) who will also increase their stake
 

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