Vodafone invites banks for India IPO - report

Monday 25 April 2016 | 08:41 CET | News
Vodafone India has invited around 15 banks to pitch for the contract to list its Indian unit on the stock market, the Financial Times reports. Vodafone said last year that it plans an IPO of the Indian unit but the timing would depend on market conditions. Vodafone India could be valued at USD 10-13 billion in the offering, according to analysts cited by the paper. The listing is expected to help Vodafone in its dealings with the local government, making it appear more Indian, one person close to the company said. 

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Categories: Mobile & Wireless
Companies: Vodafone / Vodafone India
Countries: India
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