Hutchison Telecommunication (HTIL) has acquired the entire 5.11% Hinduja TMT stake in Hutchsion Essar for about $450 million, Business Standard reports quoting wire agencies. The deal is understood to have been signed. This will take HTIL’s direct holding in Hutchison Essar to almost 48%.

Go to article in Business Standard.

Posted on 06/30/06, 5:15 PM
in: Main Page, Mergers & Acquisitions
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