Vodafone India IPO rumor heats up again
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25 May 2015
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Vodafone India is planning to list itself on the Indian bourses within a year and is already speaking to several banks, said the media reports. The Indian unit of UK’s Vodafone Group Plc had earlier planned to list the company three years ago. According to the media reports, Vodafone India’s enterprise value is approximately Rs 1.90 lakh crore, after accounting for the company’s debt. In reply to the speculation, Vodafone India said that it could not “comment on a potential listing of Vodafone India at this point” though it may consider an IPO “at some point in the future”. Meanwhile, the ongoing Rs 20,000 crore arbitration case remains a roadblock ahead of Vodafone India's listing. The parent company had said that it would go for the listing of its Indian unit only after the resolution of the case. |
| Source: Dion Global Type: IPO Related |
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