The Cabinet Committee on Economic Affairs has approved the proposal of M/s CGP India Investment Limited for increase in foreign equity in M/s Vodafone India Limited from 64.38 percent to 100 percent.

The approval would result in foreign investment of approximately Rs. 10,141 crore being received in the country.

Foreign equity increase approved, enabling full foreign ownership in a telecom company and triggering significant inbound investment. The Cabinet Committee on Economic Affairs approved M/s CGP India Investment Limited's proposal to raise foreign equity in M/s Vodafone India Limited from 64.38 percent to 100 percent, authorising full foreign ownership of the telecom company and projecting an inbound foreign investment receipt of approximately Rs. 10,141 crore.