French billionaire Xavier Niel gets CCI approval to acquire 16.2% stake in Vodafone

economictimes.indiatimes.com · 2026-10-30

Xavier Niel's investment vehicle, Vega SAS, has obtained approval from the Competition Commission of India to purchase a 16.2 percent stake in Vodafone Group for approximately 4.4 billion pounds. Post-acquisition, Vega SAS will become Vodafone's primary shareholder, a pivotal step as Vodafone continues to concentrate on its core markets following earlier restructuring efforts. This decision also complies with India's fair competition regulations, promoting healthy market dynamics.

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