CCI clears Xavier Niel’s 16.2% stake acquisition in Vodafone Group
NEW DELHI: The Competition Commission of India (CCI) has cleared French billionaire Xavier Niel’s proposal to acquire a 16.2% stake in Vodafone Group Plc. Niel is acquiring the stake through his family investment vehicle, Vega SAS, a wholly-owned subsidiary of Maya SAS.
Vega SAS, which has no business presence in India, will become Vodafone’s largest shareholder after the transaction closes. Vodafone Group, a European and African telecommunications company, provides fixed and mobile services in India through Vodafone Idea Ltd.
