Essar bought out BPL's 64 per cent stake in BPL Communications Ltd for Rs 4,400 crore. Warburg Pincus sold 12 per cent stake in Bharti in three tranches for a total of about Rs 4,600 crore.Tata and A.V. Birla Groups bought out Cingular Wireless' 32.91 per cent stake in IDEA Cellular for Rs 1,300 crore. SingTel increased its stake in Bharti Telecom to 32.81 per cent from 26.96 per cent for Rs 1,100 crore. Essar bought out MAX Telecom' 3.16 per cent stake in Hutchison Essar for Rs 657 crore.Bharti bought out Shyam Group's 67.5 per cent stake in Hexacom India Ltd for Rs 430 crore.
(This article was published in the Business Line print edition dated October 29, 2005)