India puts off decision on Vodafone plan to fully own local unit

India's foreign investment regulator deferred a decision on Vodafone Group Plc's proposal to take full ownership of its Indian unit in a $1.6 billion deal, two government officials said on Monday. Vodafone, which entered India in 2007 by buying Hutchison Whampoa's local cellular assets in an $11 billion deal, directly and indirectly owns a combined 84.5 percent of Vodafone India, the country's No.2 telecoms company by users. Vodafone directly owns 64.38 percent of the India unit.

via Tech News Headlines - Yahoo! News http://news.yahoo.com/india-puts-off-decision-vodafone-plan-fully-own-131345955--finance.html