Due to the recent changes to India’s regulations concerning foreign investment, UK-based Vodafone Group aims to increase its stake by 6 % in its Indian subsidiary. The company already holds 52 per cent of its Indian mobile joint venture.

It is said that company is buying 6 % stake from two of its companions for Rs 8.62 billion.

According to the reports, former MD of the Indian ventures Asim Ghosh, who posseses 4.68% of Vodafone Essar, and Indian businessman Analjit Singh, who holds 7.58%, would sell 49% of their holdings to Vodafone.