Stake tussle erupts on Hutch India network

The two-month-long battle for control at Hutchison-Essar, the Indian cellular venture of the Hong Kong-based Hutchison Whampoa Group, increased its tempo this week with Hutchison Whampoa also jumping into the race for control of its Indian subsidiary by offering to buy out the minority 5.11-percent stake in the Indian company held by the Hinduja family, an Indian business group.

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<p><a href="http://www.physorg.com/news65466003.html">Stake tussle erupts on Hutch India network</a></p> <p>The two-month-long battle for control at Hutchison-Essar, the Indian cellular venture of the Hong Kong-based Hutchison Whampoa Group, increased its tempo this week with Hutchison Whampoa also jumping into the race for control of its Indian subsidiary by offering to buy out the minority 5.11-percent stake in the Indian company held by the Hinduja family, an Indian business group.</p>