Essar, which continued to hold a 33 per cent stake in Vodafone-Essar, too sold its stake and bid goodbye to the telecom business. Black Box, listed on the Indian stock exchanges, has operations ...

After Essar’s exit, the remaining 24.6 per cent of Vodafone Essar would be held by entities controlled by Vodafone’s other Indian business partners: Analjit Singh, chairman of Max India, which ...

The Essar Group, which had 33% stake in Vodafone-Essar, acquired UAS licenses in the same circles through Loop Mobile, which the CBI alleged, was nothing but a front company.

Essar went for a reverse merger, which was challenged by Vodafone in court, but lost the case and was forced to fork out $5.46 billion subsequently.

The deal puts Mumbai-based Essar's total value at $10.9bn (£9bn). The investors will pay a further $2bn (£1.6bn) for a port in Gujarat, western India.

Essar is likely to seek refund of $ 883 million, the amount deducted as withholding tax related to 22 % stake sale by its Mauritius entities in Vodafone Essar, from the I-T department, a day after ...

MUMBAI -- Two Mauritius-based companies of India's Essar Group will shortly seek a refund of the $883 million which UK's Vodafone Group Plc. withheld as tax to pay Indian authorities while buying ...

Vodafone purchased a 22.03% stake from Essar Communications (Mauritius) Ltd (ECML) for $3.32 billion on Friday.

U.K.-based Vodafone Group might have to pay around Rs.3,500 crore tax on the purchase of 22 per cent equity held by Essar's Mauritius arm in telecom firm Vodafone-Essar.

Vodafone yesterday sealed a long-awaited deal to buy out its partner Essar from their Indian mobile joint venture for $5.46bn (£3.4bn), ending a highly fractious relationship.

Vodafone has agreed to pay an additional $460m for a stake in its Indian business, bringing the total cost to $5.46bn (£3.4bn), as the mobile phone group seeks to avoid a new tax dispute with the ...

Vodafone has severed its turbulent four-year relationship with Essar by paying $5.46bn (£3.41bn) to buy the Indian steel, energy and communications conglomerate out of their Indian joint venture.