Vodafone India plans to file DRHP for IPO by Sept

The major chunk of the IPO is to raise primary capital for the Indian unit.

May 31, 2016 09:05 IST India Infoline News Service

Vodafone Logo
Vodafone India is planning to file its draft initial public offering (IPO) documents by September, according to reports.
Report says that the meeting with the tier I banks Kotak, Bank of America and UBS happened a few weeks ago.
The major chunk of the IPO is to raise primary capital for the Indian unit, which will go towards reducing debt on its balance sheet, says report.

Related Story