Shareholders of Hutchison Telecom International Ltd approved on Friday sale of the company's Indian assets to UK mobile giant Vodafone for $11.1 billion in cash with an overwhelming majority.
The shareholders, representing a majority of HTIL shares, approved the deal at an extraordinary general meeting in Hong Kong.
Meanwhile, Delhi high court asked the Foreign Investment Promotion Board on Friday to complete within two months, an inquiry into alleged breach of foreign direct investment norms by HTIL in the Indian joint venture mobile firm Hutch-Essar.
