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Vodafone India to launch IPO next year

Vodafone is planning to launch IPO of its Indian arm for the purpose of raising about $4 billion in the next fiscal.

As per reports, the company has appointed NM Rothschild as its consultant to work on roadmap. The paperwork for the public offering will be completed by the end of the ongoing financial year.

Vodafone had acquired 100 percent stake in the Indian venture by buying the entire stake from its local partners for Rs 10,141 crore in 2013. Moreover, the company has been planning for an IPO of its Indian arm since a very long time.

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