For total consideration of Rs 8900 crore
Piramal Enterprises announced that it has agreed to divest its entire equity stake, comprising of 45,425,328 shares (11%) in Vodafone India to Prime Metals, an indirect subsidiary of Vodafone Group Plc, for a total consideration of Rs 8,900 crore, valuing the shares of Vodafone India at Rs 1960 per share.Piramal had acquired these shares at an average price of Rs 1290 per share for a total consideration of Rs 5,864 crore in two tranches in FY 2012.
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