- Piramal Healthcare has agreed to purchase approximately 5.5% of Vodafone Essar from ETHL Communications for $640m.

The transaction follows the settlement between Vodafone and Essar over the sale of Essar's approximately 33% stake in VEL, which was announced on 1 July.

The transaction contemplates various exit mechanisms for Piramal, including both participation in a potential initial public offering of VEL and a sale of its stake to Vodafone.

At 4:29pm: [LON:VOD] Vodafone Group share price was -5.1p at 156.4p

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