Click to play videoNew Delhi: The end game of Hutchison's buyout in India has begun.
The Hutch board is scheduled to meet on Sunday to evaluate the bids presented.
All the four suitors have put in their bids for Hutchison's 67 per cent stake in India’s fourth largest telecom company – Hutch-Essar.
The bidders include Vodafone, Reliance Communication, Essar and Hinduja.
It is still not clear whether there will be multiple round of bidding like Tata Corus deal. An auction process is only possible if bids are not satisfactory.
The frontrunners for the battle to acquire Hutch will be out after the meeting is over. None of the bidders want to let the bid go.
Vodafone is desperate for a stronger presence in India and seems most likely to partner Essar if it comes down to the wire. But it is constrained by the fact that its bid will have to be price sensitive.
For Anil Ambani's Reliance Communications, Hutch makes a lot of strategic sense but regulatory issues could come in the way.
Essar has the right of first refusal and looks keen to have a larger telecom play. But don't be surprised if they sell out.
Hindujas may well be the dark horse. Most analysts ruled them out even before they started due diligence. But they understand telecommunications and look hungry.
(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)
More on IBNLive Right Now
TOP NEWS
MOST SHARED
PHOTOGALLERY
