Vodafone-Essar, the Indian unit of Vodafone Group Plc, saw a 13.8 percent rise in revenues in the December quarter, to 767 million pounds ($1.23 billion), despite the tariff war and the highly competitive environment in the country.
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Tag: Indus Towers
The Indian market regulator Securities and Exchange Board of India (Sebi) has cleared Reliance Infratel’s, a subsidiary of Anil Ambani controlled Reliance Communications, Draft Red Herring Prospectus (DRHP) for a proposed initial public offering (IPO). Reliance Infratel was planning to raise around Rs 5,000 crore (around $1.1 billion) by offloading a 10 per cent equity to the public.