CABINET APPROVES VODAFONE’S BUY BACK PLAN.

THE UK BASED TELECOM MAJOR,VODAFONE’S INDIAN ARM WILL BE THE FIRST TELECOM COMPANY IN INDIA WITH FULL FORIEGN INVEST MENT.

THE UNION CABINET HAS APPROVED ON 6TH FEBRUARY,2014 A PROPOSAL OF VODAFONE TO BUY BACK MINORITY SHARE HOLDERS IN ITS INDIAN ARM FOR RS.10,141 CRORE,MAKING IT THE SINGLE LARGEST FORIEGN INVESTMENT IN THE TELECOM SECTOR.