(Reuters) - Vodafone has agreed to buy a two-thirds interest in Hutchison Essar from Hutchison Telecommunications International , a unit of Hong Kong tycoon Li Ka-shing's Hutchison Whampoa , but an Indian foreign investment regulator has delayed approval of the deal.
Hutchison Telecom owns 52 per cent of Hutchison Essar directly, with a further 15 per cent stake held on its behalf by companies owned by two Indian nationals, over which it has call options, the FT reported.
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