Events behind Vodafone's ownership saga
In March 2007, Vodafone buys Hutchison's 52% stake in Hutchison Essar for $11.17 billion. The company is renamed Vodafone Essar
1. March 2007 Vodafone buys Hutchison's 52% stake in Hutchison Essar for $11.17 billion. The company is renamed Vodafone Essar
2. September 2009 Minority shareholders, ex-CEO Asim Ghosh and Max India's Analjit Singh sell half their shareholding to Vodafone.
3. January 2011 Vodafone objects to Essar's move to place part of its 33% stake in a listed company, India Securities.
4. March 31, 2011 Vodafone agrees to pay Essar Group $5 billion for its 33% stake. It also plans an IPO in the future
5. April 11, 2011 Asim Ghosh sells his remaining 2.38% holding to Analjit Singh, whose stake rises to 6.24
-Anamika Butalia
Analjit Singh
3. January 2011 Vodafone objects to Essar's move to place part of its 33% stake in a listed company, India Securities.
4. March 31, 2011 Vodafone agrees to pay Essar Group $5 billion for its 33% stake. It also plans an IPO in the future
Asim Ghosh
-Anamika Butalia
