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.
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 ...
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