Ending months of speculation, the Hinduja group on Friday said it has sold its entire 5.11% stake in cellular service provider Hutchison Essar (HEL) to Hutchison Telecommunications India (HT India) for $450 million. The HEL stake was held by the group’s listed media and business process outsourcing arm Hinduja TMT (4.68%) and unlisted overseas firm Kumbat.

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