The Competition Commission of India (CCI) has granted approval for the acquisition of a 16.2% stake in Vodafone Group PLC by Vega SAS. This proposed combination involves Vega SAS acquiring exactly 16.2% of the issued share capital in Vodafone Group PLC.
Vega SAS is characterized as a holding company and a wholly-owned subsidiary of Maya SAS, a simplified joint-stock company incorporated under French law. The acquirer's business involves the design, development, maintenance, operation, management, or marketing of systems, equipment, networks, or services in telecommunications, internet, information technology, telematics, and communications, including the installation and operation of electronic communications networks. Notably, Vega SAS itself has no business presence or activity in India, with any relevant business activities being undertaken through its affiliates.
Vodafone Group PLC is described as a European and African telecommunications company providing both fixed and mobile services across these regions. While the majority of its revenues come from core connectivity products and services, its portfolio also includes digital services, Internet of Things services, and financial services. The document specifically notes that in India, Vodafone Group maintains its presence through Vodafone Idea Limited. The approval was announced on October 31, 2026, through the PIB Delhi release mechanism with identifier 2330815.