Vodafone considers IPO of Indian unit

Vodafone considers IPO of Indian unit

Vodafone Group is reportedly considering the sale of about 10% of its Indian unit in an IPO.

The group is said to have begun the process of selecting investment banks for the planned IPO and has asked that banks sign non-disclosure agreements ahead of receiving further detailed information on the list, according to Bloomberg

Advisors for the IPO could be selected by next month in a deal that could value the Indian operations at about $20 billion.

In February, Vodafone’s CEO Vittorio Colao revealed plans to list the India unit but cited challenges around the “complicated” process and its exact timing. 

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