Ccea Okays 49% Foreign Equity In Barakhamba Sales

The Cabinet committee on economic affairs (CCEA) has cleared a proposal for induction of 49 per cent foreign equity in Barakhamba Sales and Services. The foreign equity will be held by Al Amin Investments Ltd, Mauritius, a wholly owned subsidiary of Array Holdings Ltd which is part of the Hutchison Whampoa Group.

The additional equity, will fund cellular telephone services in the Andhra Pradesh, Chennai and Karnataka circles by the company.

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