India's Spice willing to sell stake, says chairman

04 Jun 2008

India Spice Communications has been approached by UAE-based Etisalat and others for a stake in the Indian company, chairman B.K. Modi, quoted by a Reuters report said.

Spice was willing to consider a stake sale, Modi said at an special shareholders meeting.

'Everybody is planning to come to India. But the issue is what sort of shareholding will be there,' he said.

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