http://convergence.in/blog/2007/02/12/vodafone-india-arun-sarins-masterstroke/ linking diversity! Sun, 28 Feb 2010 22:40:57 -0800 http://wordpress.org/?v=2.9.2 hourly 1 http://convergence.in/blog/2007/02/12/vodafone-india-arun-sarins-masterstroke/comment-page-1/#comment-58908 goBroadband » Blog Archive » Vodafone nominees resign; To Sell stake in Bharti Airtel Tue, 29 May 2007 14:08:55 +0000 http://convergence.in/blog/2007/02/12/vodafone-india-arun-sarins-masterstroke/#comment-58908 [...] Vodafone Plc which entered India after buying out Hutch in the Hutch Essar JV has withdrawn its board representation on Bharti Airtel Ltd. Vodafone has also decided to sell 5.61% stake in Bharti Airtel Ltd [PDF] in two tracnhes. Vodafone Plc had bought 10% stake in Bharti Airtel Ltd in two blocks - 5.61% from VC firm Warburg Pincus and 4.39% by way of convertible debentures in Oct-2005. Since then the value of its holding has appreciated by 150%. However, Vodafone is receiving mere $1.6 Billion for its 5.61% stake [at the current Market Price of Bharti Airtel, it is worth $2.2 Billion] in Bharti Airtel Ltd and will continue to hold the remaining 4.39%. [...] [...] Vodafone Plc which entered India after buying out Hutch in the Hutch Essar JV has withdrawn its board representation on Bharti Airtel Ltd. Vodafone has also decided to sell 5.61% stake in Bharti Airtel Ltd [PDF] in two tracnhes. Vodafone Plc had bought 10% stake in Bharti Airtel Ltd in two blocks – 5.61% from VC firm Warburg Pincus and 4.39% by way of convertible debentures in Oct-2005. Since then the value of its holding has appreciated by 150%. However, Vodafone is receiving mere $1.6 Billion for its 5.61% stake [at the current Market Price of Bharti Airtel, it is worth $2.2 Billion] in Bharti Airtel Ltd and will continue to hold the remaining 4.39%. [...]

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