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HINDUJAS ACQUIRING SUMITOMO'S HEL PIE (Hinduja TMT is buying out Sumitomo in HEL for an undisclosed amount).
(From India Business Insight)
Sumitomo holds 1.23 percent beneficial stake in Hutchison Essar Ltd (HEL) through a joint venture (JV) with the Hindujas called IndusInd Telecom Network Ltd (ITNL). Hinduja TMT is buying out Sumitomo in HEL for an undisclosed amount. This will bring down the foreign investors holding in HEL. …
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