UK telecom major Vodafone has sold its 4.2% stake in Bharti Airtel to Bharti Enterprises for 1,280 crore ($200 million)..S&R Associates acted for its long-standing client Vodafone with a team led by Partner Rajat Sethi along with Tanya Aggarwal and Lakshmi Pradeep..AZB & Partners acted for Bharti Airtel with a team led by Delhi Partner Gautam Saha along with Senior Associate Heena Singh..Vodafone has to sell its entire stake in Bharti Airtel following new norms issued by government that bars a telecom operator from holding any kind of stake in competition under unified licences, according to VCCircle..Vodafone had bought a 10% stake in Bharti Airtel in 2005 and sold a part of it in 2007 post its acquisition of Hutchison-Essar, now renamed Vodafone India.
UK telecom major Vodafone has sold its 4.2% stake in Bharti Airtel to Bharti Enterprises for 1,280 crore ($200 million)..S&R Associates acted for its long-standing client Vodafone with a team led by Partner Rajat Sethi along with Tanya Aggarwal and Lakshmi Pradeep..AZB & Partners acted for Bharti Airtel with a team led by Delhi Partner Gautam Saha along with Senior Associate Heena Singh..Vodafone has to sell its entire stake in Bharti Airtel following new norms issued by government that bars a telecom operator from holding any kind of stake in competition under unified licences, according to VCCircle..Vodafone had bought a 10% stake in Bharti Airtel in 2005 and sold a part of it in 2007 post its acquisition of Hutchison-Essar, now renamed Vodafone India.
