Vodafone plans to file for India IPO in August

HONG KONG: Vodafone Group is likely to file a draft prospectus for the planned initial public offering of its Indian business in August with the listing expected in the fourth quarter, in a deal seen raising $2.5 billion, people with direct knowledge of the matter said. Vodafone hired Bank of America, Kotak Investment Banking in April as global coordinators for the IPO, set to be India’s biggest stock market listing since 2010.

HT Image