No new India investments for Axiata

The group said AI1 had remained inactive since the completion of the disposal of AI1’s entire equity interest in Vodafone Idea Ltd in 2020.

KUALA LUMPUR: Axiata Group Bhd announced yesterday that it has no plans to make new investments in India.

The decision comes after the initiation of the voluntary winding up of Axiata Investments 1 (India) Ltd (AI1), which began on Dec 12, in accordance with the Companies Act 2001 of Mauritius.