Vodafone is increasing its stake in its Indian operation (Vodafone Essar) by a further 6 percent for INR8.62 billion (US$180 million), reports Reuters citing India’s Economic Times. Asim Ghosh, the former managing director of the Indian venture who owns 4.68 percent of Vodafone Essar, and Indian businessman Analjit Singh, who holds 7.58 percent, are to sell 49 percent of their holdings to Vodafone, the paper said.