UK telecom giant Vodafone has offloaded its 5.6 per cent direct stake in India's mobile leader
Bharti Airtel to promoter Sunil Mittal's group for $1.6 billion, coinciding its
acquisition of controlling stake in Hutch-Essar.
"Vodafone has sold its 5.6 per cent direct stake in Bharti Airtel to the group," Bharti Group chairman Sunil Mittal told
PTI, elaborating that the deal was on a deferred payment basis.
Vodafone will, however, continue to hold an indirect 4.4 per cent stake in the company, as a financial investor and will not have any