Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Mega-tax milestone?
BackBack

Mega-tax milestone?

Mega-tax milestone?

Premium


THE DEAL

Vodafone Group Plc, the world’s largest mobile phone services firm, bought 67% of Hutchison Essar Ltd in February 2007 for $ 11.1 billion from the target’s Hong Kong parent Hutchison Telecommunications International Ltd. Hutchison controlled the Indian mobile phone firm through a complex network of firms whose final ownership vested with a Cayman Islands-registered company.

Also See The deal (Graphic)

The shipping-to-telecoms conglomerate, controlled by billionaire Li Ka-Shing, received payment from Vodafone in this firm in Cayman Islands, a tax haven.

Graphics by Ahmed Raza Khan / Mint

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 04 Dec 2008, 01:21 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie