Piramal Healthcarehas entered into an agreement with Vodafone Group to pick up a 5.5% stake in Vodafone-Essar. It will buy this stake from Essar Group company ETHL Communications Holdings, for around Rs 2,856 crore.
The transaction follows the settlement between Vodafone and Essar over the sale of Essar's approximately 33% stake in Vodafone-Essar, which was announced on July 1, 2011.
