Piramal sells entire stake in Vodafone for Rs8,900 crore
Piramal said the sale of 11% in Vodafone India to Prime Metals is valued at Rs1,960 per share
Mumbai: Piramal Enterprises Ltd said on Thursday that it has sold its 11% stake in Vodafone India Ltd to Prime Metals Ltd, an indirect subsidiary of Vodafone Group Plc, for ₹ 8,900 crore, marking another milestone in the transformation of Ajay G. Piramal from a healthcare czar to one of India’s largest financiers.
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