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January 23, 2007 16:13 IST
The Board of Hutchison Telecom International Ltd, whose 67 per cent stake in Indian mobile operator Hutch-Essar is being eyed by Vodafone and Reliance Communications among others, is likely to meet on January 29.
Sources close to the development said that the Board would meet on January 29, but it was not clear whether it would take a call on the sale of HTIL's stake in the Indian mobile venture.
A spokesperson for HTIL's parent company Hutchison Whampoa Ltd, Jeremy Lau declined to comment on 'board matters.'
Hutch-Essar, in which Indian partner Essar Group holds a 33 per cent stake, is being wooed by a number of suitors including UK's Vodafone and Reliance Communications. Besides Essar itself is in the race to acquire control of the company.
While these three suitors have already completed due diligence for a possible deal, another potential buyer Hinduja Group has said it would begin due diligence on January 24.
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