Vodafone: Indian Surpreme Court asks for 1% share in booty

December 20, 2010 The Indian Supreme Court has asked for 1 percent or Rs. 25 crore (approximately $6 million), to handle the Vodafone tax battle relating to a deposit of Rs. 2,500 crore ($523 million) by Vodafone International Holdings.

The deposit was made in consideration before the Court heard its appeal against a Bombay High Court order validating nearly $2.6 billion (Rs. 12,000 crore) capital gains tax on the $11.6 billion (Rs. 52,200 crore) acquisition of Hutch.

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