| |
| | |  Advertisement | | |
| |
March 09, 2007 14:03 IST
Shareholders of Hutchison Telecom International Ltd approved on Friday sale of the company's Indian assets to UK mobile giant Vodafone for $11.1 billion in cash with an overwhelming majority.
The shareholders, representing a majority of HTIL shares, approved the deal at an extraordinary general meeting in Hong Kong.
Meanwhile, Delhi high court asked the Foreign Investment Promotion Board on Friday to complete within two months, an inquiry into alleged breach of foreign direct investment norms by HTIL in the Indian joint venture mobile firm Hutch-Essar. The race for Hutch-Essar
© Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
|
| |
Email this Article 
Print this Article