Vodafone India chief to meet Finance Minister P Chidambaram again next week; expresses keenness to settle the Rs 11,200 crore tax liability through conciliation.

Faced with over Rs 11,200 crore tax liability, Vodafone India chief Analjit Singh met Finance Minister P Chidambaram for the second time this week, on Thursday, and expressed the hope that there will be clarity soon on the proposal to settle the dispute through conciliation.

“I will be in a much better position to give clarity on tax settlement issue next week,” he told reporters after meeting the Finance Minister.

Mr. Singh said he would be meeting the Finance Minister again next week.

The British telecom major is facing a tax liability of over Rs 11,200 crore, along with interest, on its 2007 acquisition of Hutchison Whampoa’s stake in Hutchison Essar.

Vodafone had earlier expressed its keenness to reach an amicable settlement of the matter.

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