The battle for control of Hutchison Essar intensified on Thursday as Hinduja Group said it was interested in taking a large stake in India’s fourth-largest mobile phone operator.
Hinduja joins the fray in a potential bidding war for the 67 per cent of Hutch Essar put on the block by Hong Kong’s Hutchison Whampoa. Essar, the Indian conglomerate, holds the remaining 33 per cent.
