India’s Foreign Investment Promotion Board (FIPB) has yet again deferred a proposal by Etisalat to up its stake in its Indian venture, Etisalat DB, to 54.27% from 49%.
This is the third time the FIPB has deferred the decision.
The ministry of home…
India’s Foreign Investment Promotion Board (FIPB) has yet again deferred a proposal by Etisalat to up its stake in its Indian venture, Etisalat DB, to 54.27% from 49%.
This is the third time the FIPB has deferred the decision.
The ministry of home affairs raised the issue of security concerns when deferring the decision, including Etisalat’s relationship with Chinese giant Huawei.
The Arab firm will have an opportunity to clarify its position to the ministry in the coming months.
