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Vodafone Essar

Mar 13, 2014 at 21:22 | Source: PTI
British telco Vodafone is locked in a capital gains tax dispute related to its acquisition of Hutchison Whampoa's stake in Hutchison Essar in 2007. While the basic tax demand for the 2007 acquisition is Rs 7,990 crore, the outstanding dues, including penalty of a similar amount and accrued interest, run into Rs 20,000 crore.
Mar 04, 2014 at 22:09 | Source: PTI
This is second acquisition of Airtel within a month of it acquiring business and assets of Mumbai base Loop Mobile for about Rs 700 crore.
Mar 04, 2014 at 20:19 | Source: PTI
The Cabinet, however, has left a window open now by not withdrawing Vodafone conciliation talks for settling the Rs 20,000 crore tax dispute until a separate case over transfer pricing is settled by a tribunal.
Mar 03, 2014 at 22:01 | Source: Reuters
Local newspaper reports said Safaricom, which is 40 percent owned by Vodafone , will get Yu's infrastructure such as base stations in a bid to improve the quality of its network.
Feb 28, 2014 at 15:59 | Source: CNBC-TV18
Vodafone wants to include the Rs 3700 crore transfer pricing issue, which according to the revenue department goes went against the Cabinet approval on conciliation that had been given on June 3. The Vodafone stance has always been to fix all the tax issues in one go.
Feb 19, 2014 at 15:54 | Source: PTI
The conciliation talks had broken down after Vodafone issued a supplementary notice to the government, invoking the Bilateral Investment Promotion and Protection Agreement (BIPA) and demanded that a separate transfer-pricing case be clubbed with the capital gains tax matter.
Feb 18, 2014 at 18:00 | Source: PTI
The Finance Ministry has already circulated a draft Cabinet note withdrawing the conciliation offer to Vodafone to resolve the Rs 20,000-crore tax dispute case. "In Vodafone's own words, they are unable to make up their mind whether they should go forward with conciliation.
Feb 11, 2014 at 17:51 | Source: CNBC-TV18
Sources say, Vodafone was keen to increase the scope of the conciliatory process to include an ongoing Rs 3,700 crore transfer-pricing dispute, a demand that the Finance Ministry found to be unacceptable.
Feb 03, 2014 at 18:08 | Source: CNBC-TV18
The issue involves the issuance of shares by three Essar Group companies Essar Power, Essar Projects and Equinox Technology Parks to their parent company. The I-T department has alleged undervaluation of shares at the time of issuance of shares.
Dec 31, 2013 at 13:11 | Source: CNBC-TV18
Piramal Enterprises had acquired a nearly 11 percent stake from Vodafones erstwhile partner, Essar, at a cost of Rs 5,900 crore. Vodafone Plc is now set to acquire it for Rs 8,900 crore, netting an internal rate of return of nearly 22 percent.
Messages on Vodafone Essar »

athina

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Piramal Enter  

Vodafone India Limited, formerly Vodafone Essar Limited, is the second largest mobile network operator in India after Airtel by subscriber base. It is based in Mumbai, Maharashtra. It has approximately 160 million customers as of December 2013. The whole business of Vodaphone india is valued only

11.33 AM Apr 10th

Bull2011

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39 Bharti Airtel Ltd Rupee Term Loan INR 2,000 crore 40 Vodafone Essar Ltd Rupee Term Loan INR 2,000 crore 41 Indus Towers Ltd Rupee Term Loan of INR 1,150 crore 42 Wireless TT Info Services Ltd Rupee Term Loan of INR 1,150 crore 43 Bharti Infratel Ltd Rupee Term Loan of INR 600 crore 44 Essar

7.44 PM Apr 6th

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Source:NDTV Profit - A Delhi court on Tuesday summoned Bharti Airtel chairman Sunil Bharti Mittal, Essar Group promoter Ravi Ruia, and Ashim Ghosh, former CEO of Vodafone Essar, in the additional spectrum allocation case. All three have been named as accused in the case.

4.50 PM Mar 19th 2013

ash_chakra0
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Bharti Airtel  

as Bharti AirtelBSE 5.22 %), and Hutchinson Max and Sterling Cellular (now known as Vodafone Essar) last November. The agency had alleged the Telecom department had increased the base spectrum for telecom companies from 4.4 MhZ to 6.2 MhZ during Pramod Mahajan`s tenure as Telecom Minister from 2001 to 2003

11.34 PM Nov 28th 2012

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Source:Business Standard - The Gujarat High Court on Monday allowed Vodafone Essar Gujarat Ltd to go ahead with its plan to demerge passive infrastructure assets (PIAs), which include mobile communication towers, into group company Vodafone Essar Infrastructure Ltd. A division bench of Justice P B

10.13 AM Aug 28th 2012

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HC sanctions demerger scheme of Vodafone Essar Gujarat

8.36 PM Aug 27th 2012

Firstpost

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Source:FirstPost - Bharati Airtel is set to face the heat for the alleged sub-letting of 3G spectrum to Vodafone Essar and Idea under the guise of a “roaming agreements.”  Telecom Secretary R  Chandrashekhar and Member (Technical) JK Roy have approved issuing of a show-cause notice to Bharti

10.34 AM Jul 10th 2012

Firstpost

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Source:FirstPost - Bharati Airtel is set to face the heat for the alleged sub-letting of 3G spectrum to Vodafone Essar and Idea under the guise of a “roaming agreements.”  Telecom Secretary R  Chandrashekhar and Member (Technical) JK Roy have approved issuing of a show-cause notice to Bharti

2.14 PM Jul 9th 2012

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India Securities, which is a holding company through which ESSAR held stake in Vodafone ESSAR, de-listing may have hit a road block.

5.38 PM Jun 1st 2012

livelovelau
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India Securitie  

The Meeting was adjourned to May 14, 2012 for adoption of Unaudited results for the Quarter ended March 31, 2012. EVERYTHING is being postponed .essar capital (holding co of listed essar securities ) &essar teleholdings ltd(now d listed ,has stake in controversial vodafone essar and also involved

1.53 PM May 11th 2012

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