Moneycontrol PRO

business

Piramal's Vodafone investment fetches Rs 3000cr profit

Piramal Enterprises had acquired a nearly 11 percent stake from Vodafone‘s 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.

first published: Dec 31, 2013 01:11 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347