Arun Sarin, CEO Vodafone is in Delhi for a day-long visit. He met up with commerce minister Kamal Nath and communications minister Dayanidhi Maran. Yes, he did meet Bharti Airtel's Sunil Mittal. What he did confirm was that Vodafone would put in its bid for Hutch Essar over the next couple of weeks.
He did not rule out partnering with the Essar group. That would ensure that Vodafone does not violate the government norms of 76% FDI in the telecom sector. (Essar has a 33.01% stake in Hutch Essar. However, 22% is through a company abroad.) Vodafone's entry could spoil the party for Anil Ambani's Reliance Communications.
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