Goenka as DB's promoters also Diversified into the Telecom sector and were issued 2G licences, for Rs 1,537 crore (Rs billion), to operate in 15 circles. Later, they sold a 45 per cent stake in their Telecom venture, Swan Telecom, to UAE-based Etisalat for nearly Rs 4,200 crore (Rs 42 billion). Vinod Goenka was arrested on April 20, 2011 for his alleged role in the 2G spectrum case and was granted bail on November 23, 2011 by the Supreme Court.