Corporate | Etisalat may raise stake in India unit to 50%

Corporate | Etisalat may raise stake in India unit to 50%

Dubai: Emirates Telecommunications Corp., the United Arab Emirates’ biggest phone company, plans to raise the stake in its Indian unit Etisalat DB to 50% plus one share from 44.73%, according to a company statement emailed on Monday.

The company has sought approval from the India’s Foreign Investment Promotion Board to raise its stake, the statement said.

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