Global telecom giant, Vodafone, has acquired 10 per cent equity stake in Bharti Tele-ventures (BTVL) for Rs.6,700 crore. The $1.5 billion deal is India's largest foreign investment in any sector so far.

The equity that Vodafone has acquired includes the entire 5.65 per cent stake of New York-based Warburg Pincus and some shares of Bharti Enterprises, valued at Rs.3,000 crore, that gives it effective holding of 4.4 per cent in BTVL.

In the new shareholding pattern of BTVL, Bharti Enterprises will have controlling stake of 45.9 per cent, Singapore Telecom (SingTel) will own 15.58 per cent and Vodafone, 5.65 per cent. 

About Vodafone: UK-based Vodafone is amongst the world's largest telecom operators with a market capitalization of $150 billion. It has a subscriber base of 60 million spread over 27 countries including USA, UK, Germany, Japan, China and Australia.