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    Essar to sell 11% stake in Vodafone JV for $1.26bn

    Vodafone and Essar today announced the agreement for the sale of the latter’s stake in their Indian joint venture Vodafone Essar. The Ruias will walk away with a cool USD 4.5 billion and Vodafone PLC will make a USD 880 million tax payment as part of the transaction.

    first published: Jul 1, 2011 08:37 pm

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