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Bahrain’s GBCORP takes stake in India telco

Posted on 14 January 2010

From Maktoob.com: Bahrain-based Islamic investment bank Global Banking Corporation (GBCORP) will acquire an 11 percent stake in Indian telecom operator S Tel, the bank said on Wednesday.

S Tel is a joint-venture between India’s Siva Group and Bahrain Telecommunications Co (Batelco) that started operations during the fourth quarter of last year. GBCORP is making its investment through BMIC, the investment vehicle through which Batelco took a stake in S Tel…………………………………..Full Article: Source

 
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