Vodafone to sell 9.5% additional stake to Aditya Birla Group
Vodafone has agreed to sell 9.5% additional stake to Aditya Birla Group after they merge their telecom operations to create the countryâs largest operator worth more than $23 billion. In the merged entity, Vodafone will hold 50% stake, while Aditya Birla Group will hold 21%. The new company will be headed by Kumar Mangalam Birla.