THE FORIEGN INVESTMENT PROMOTION BOARD WILL TAKE A DECISION ON 13TH NOVEMBER,2013 ON BRITISH TELECOM MAJOR VODAFONE”S PROPOSAL SEEKING APPROVAL TO INVEST RS.10,141 CRORE FOR RAISING ITS STAKE IN INDIAN UNIT TO 100 PER CENT.
AT PRESENT INDIANS HAVE 14.5 PER CENT STAKE IN VODAFONE AND THE PROPOSAL IS TO BUY STAKE HELD BY THE MINORITY SHARE HOLDERS.