With 33% in Call options and ROFRs /Puts bought from Essar Vodafone has been in a frenzy to catch a new partner for the spillover from the FDI limit of 74% in the sector. As its ownership in Indian domestic partners was earlier subject to a lot of scrutiny with its India MD and Analjit Singh sharing the load, the company may this time look for a simpler sustainable option of a 20% IPO for the retail public and DII holdings in the company. This will pave the way for the global major ( that reports 66% of its profits from Asia/India) to challenge the hegemony pof Airtel in the area. It also holds a minority shareholding in Airtel in India

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