![UAE's ADIA in Early Talks to Buy Indian Govt's Stake in Vodafone Idea UAE's ADIA in Early Talks to Buy Indian Govt's Stake in Vodafone Idea](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJA14CYGnh8h7aL5p1kbSQm-53nRGK0YnmCjdiutblCc2NtH7rxF98Y5fOPd7X3SrsMjd158bflSC-oUC03Pp9DB6nOpBjGNwtwhS58iICdvPqSa0eONFzTIIZNN9szZYN5DslovHnkqAUaVyoA6tBU4HXWYFkgBc_CKy9GMc9xis0DWipskfD-9VFFQU/s16000-rw/Vodafone-Idea-.webp)
This potential acquisition aligns with ADIA's recent investment activities in India, including stakes in various sectors such as retail and security. The talks are still at an initial stage, and the outcome will depend on several factors, including the valuation of the stake and the broader economic context.
ADIA, along with the Qatar Investment Authority, Singapore’s Temasek, are some of the sovereign funds, which have been sounded out, according to a report by Financial Express.
Vodafone Idea had said that it is up to the Centre to decide what it wishes to do about its holding, and that the company has had no communication from them on the matter.
The Abu Dhabi Investment Authority (ADIA) has been actively investing in India across various sectors. ADIA recently invested $8 million in FirstCry, a leading Indian retail platform for baby products, ahead of its IPO.
ADIA also plans to set up a $4-5 billion fund in India through GIFT City in Gujarat. This fund will focus on investments in Indian and foreign equities, debt securities, and other assets.
Besides, ADIA is part of a consortium that submitted a bid to acquire a controlling stake in Haldiram's, a popular Indian snacks business, valuing it at up to $8.5 billion.
ADIA has also made significant investments in India's retail and security sectors, reflecting its confidence in the country's economic growth and potential.
These investments highlight ADIA's strategic focus on India as a key market for growth and diversification.
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