BPL Sold 17% Stake For $80 Million To Fund Loop Stake, Mumbai Expansion

Entities Mentioned

• Vodafone
• Videocon
• Essar
• Telenor
• BPL Mobile
• Mahendra Nahata

1. Responding to an allegation at an arbitration hearing between Vodafone and the Essar Group, Essar has disclosed that BPL Mobile raised $80 million (around Rs. 357 crores), from a “Mauritius-based company owned by an international institutional fund” for 17 percent equity. The money was raised to finance BPLs expansion, and fund its stake in Loop [...] (Read Full Article)
   
   

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