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Vodafone said to weigh move to transfer part of India unit stake to strengthen Vi balance sheet

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Vodafone said to weigh move to transfer part of India unit stake to strengthen Vi balance sheet

Vodafone Group Plc is working on a proposal to shore up the capital of its listed Indian affiliate, as the venture seeks to turn over a new leaf after the Indian government cut a bill for outstanding spectrum fees, people with knowledge of the matter said. The UK telecom company, which owns 19% of Mumbai-listed Vodafone Idea Ltd., is considering…

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