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French billionaire to become Vodafone's top shareholder in ₹57,000 crore deal
short by Mansi Agarwal / on Saturday, 11 July, 2026
French billionaire Xavier Niel will become the largest shareholder in Vodafone Group after agreeing to buy a 16.2% stake in the British telecom company for roughly $6 billion (around ₹57,000 crore). Niel's family investment vehicle, Vega, will purchase the stake from UAE telecom group e&. The deal represents a 13% premium over Vodafone's closing share price on Thursday.
read more at Reuters