Govt, gives go-ahead to Tesco, Vodafone investment proposals

摘要

British retailer to invest 680 cr; UK telecom giant to pay 10,000 cr for ] 00% in Indian arm the Foreign Investment Promotion Board (FIPB) approved two major investment proposals; the UK based Tesco's plan to enter the Indian multi-brand retail segment with an initial outlay of $110 million (680 crore) and Vodafone Pic's bid to raise its stake to 100% in the Indian venture paying over 10,000 crore.